Real Estate Deal of the Day Houston – October 8, 2020

Deal of the Day, Real Estate IQ, #REIQSummit

DOD- Houston 

4617 Collins Road Houston Texas 77093 

October 8, 2020 

MLS No. 57607212

Hello everyone! Welcome to Real Estate IQ’s Houston Deal of the Day!. The subject property for today is at 4617 Collins Road, Houston, Texas, 77093. It was built in 1960 and has 1,696 square feet. It has an estimated price of $164,865 and a monthly lease of $1,537. The offer price is at $99,817. The property has an IQ discount of $65,048 with an IQ discount percentage of 39.46%. 

The property has 3 beds and 3 baths.The MLS number of the property is 57607212. The last Comparative Market Analysis is dated October 6, 2020. The property is near the North Houston Heights Subdivision.

For the comparables, we selected three properties. The investment summary may vary depending on the property comparables that you will prefer to select. In this case, we selected the best three comparables. The First property is at 11830 Connor Street. It has a price per square foot of $108.89. The property had been in the market for 5 days. It is 0.41 miles away from the subject property. It has a list price of $187,000 and it was sold at the price of $169,000. The property was built in 1960. 

The second property is at  5014 Charwon Street. It has a price per square foot of $48.42. It had 

had been in the market for 31 days and it is 0.38 miles away from the subject property. It has a list price of $99,999 and it was sold for $92,000. It was built in 1962. 

The third property is at 4211 Wedgewood Street. It has a price per square foot of $115.58. It is 0.43 miles away from the property, has a list price of $169,900 and was sold for $169,900. The property was built in 1967. 

For the investment summary,the property has an estimated price of $164,865 and a monthly lease of $1,537.The offer price is at $99, 817. The property has an IQ discount of $65,048 with an IQ discount percentage of 39.46%. It has a good rental index of 1.54. 

That’s all for our Deal of the Day. Thank you for tuning in and have a great deal-finding day!

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