October 9, 2020

Real Estate Deal of the Day Houston – October 9, 2020

Deal of the Day, Houston, Real Estate IQ, real estate summit



OCTOBER 9, 2020 

MLS No. 40873130

Hello everyone! Welcome to Real Estate IQ’s Houston Deal of the Day! Our subject property is at 6615 Greenyard Drive, Houston, Texas, 77086. If you want to grab a deal with this property, the MLS NUMBER is 40873130. The property is currently at $80,000 with the list price per square foot of $62.70. Based on the sold comps, the property has an estimated price of $118,260 and an estimated price per square foot of $92.68.

The property is a single-story residential property built in 1982 with a square footage of 1,276. This property has a fireplace, it has two bedrooms and two baths. It is near the Lincoln Green South Subdivision. 

For the comparables, we selected the best three properties. The first property is at 11020 Maidencane Court. It has a price per square foot of $98.57 and it is 0.40 miles away from our subject property. It was sold 112 days ago for $138,000. 

The second property is at 6703 Greenyard Drive. It has a price per square foot of $73.38 and it is quite near to our subject property which is only 0.06 miles away. It was sold 65 days ago. It has a list price of $102,000 and was sold for  $102,000. 

The third property is at 6714 Winding Trace Drive. The price per square foot is $106.09. It is 0.29 miles away from our subject property and was sold 71 days ago. The list price is $168,900 and the property was sold for $162,000. 

For the investment summary, the estimated price of the property is $118,261 and it has a monthly lease price of $1,348. If you will have an asking price of $80,000, the result will give you an IQ discount of $38,260 with an IQ discount percentage of 32.35% and 1.69 rental index. From these details, the property is good for fix-and-flip or buy and hold strategy. 

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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