Real Estate Deal of the Day DFW Metro – October 13, 2020

Deal of the Day

DOD- DALLAS FORT WORTH

607 MAIN STREET, FORNEY, TEXAS 75126

OCTOBER 12, 2020

MLS NO. 14406370

Hello, everyone! Welcome to Real Estate IQ’s Dallas Fort-Worth, Deal of the Day!

Our subject property is a bungalow located at 607 Main Street, Forney, Texas 75126. The property has a list price of $119,000 with an estimated price value of $187,728. The list price per square foot is at $90.56, and its estimated price per square foot is valued at $142.87.

This property with an MLS No. of14406370 is a single-detached residential property built in 1998 with a square foot of 1314. It has two beds and one bath. Situated in the heart of the development of Forney, this property is perfect for either residential or for commercial setting. The grounds of this property is surrounded by trees and has an ample parking space. Also, this is within proximity of subdivisions and schools.

For the comparables, we selected two best properties. The first property is located at 2013 Brook Meadow. This single-story residential property was built in 2004 with a square foot of 1314 and has three beds and two baths. Its list price is at $199,000 and it was sold at $197,000.

The second comparable is also a single residential property located at 1117 Singletree Drive. It has three beds and two baths and was built in 2002. It has a total square feet of 1399. The price per square foot of this property is $135.81. Its list price is at $179,900 and it was sold at $190,000.

For the investment summary, the subject property is listed at $119,000 with a 36.61% discount from its estimated price of $187,728. This property is good for wholesaling or flipping. It also has a good rental index of 1.15 and can rack a monthly lease of $1,367.

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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