105 Mohawk Trl, Somerville, TX 77879
Great opportunity in Somerville, TX.
This Somerville home consists of 2 beds, 1 bath, a car garage, 1,120 SqFt of living space on a 0.36 Acres Lot Don’t miss out on this great opportunity!
Investment and Property Details
At StrandPark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 75% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.
Purchase price:
$105,000
After Repair Value:
$285,000
Investment Duration:
52 Days
Return on Investment:
75%
Rehab Cost
$76,000
Agreed Purchase Price:
The end buyer has agreed to purchase the property for $270,000 and has made a 25% non refundable deposit towards the ARV.
Security
Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.
Lead Contractor
Christopher Benson
Property Details:
- Size: 2 beds, 1 bath, a car garage, 1,120 SqFt.
- Lot: 0.36 Acres Lot
- Year Built: 1975.
Rehab Cost Breakdown
- Junk Removal & Full Cleaning: $10,000
- This includes: clearing all furniture and debris from the house, garage, and outbuilding.
- Roofing: $15,000
- We are replacing the entire roof.
- Electrical Panel & Wiring: $4,000
- This includes: replacement of the outdated electrical panel and addressing exposed wiring.
- Kitchen Remodel: $20,000
- Full gut and renovation, including new cabinets, countertops, appliances, and flooring.
- Bathroom Remodel: $10,000
- Full gut and renovation, including a new shower, vanity, toilet, and flooring.
- Interior Finishes: $12,000
- This includes: new flooring and paint throughout all living areas and bedrooms.
- Exterior & Landscaping: $4,000
- This includes: power washing, trim repair, and extensive yard cleanup.
- Shed Repair: $1,000
- This includes: cleaning and minor repairs to the metal outbuilding and shed. Wiiring updates, outlets, and fixtures to meet current safety codes.
Total Rehab Cost: $76,000