Real Estate Deal of the Day Houston – October 20, 2020

Deal of the Day

DOD- HOUSTON

5041 LIDO LANE, HOUSTON, TEXAS 77092

OCTOBER 19, 2020

MLS NO. 64278450

Hello, everyone! Welcome to Real Estate IQ’s Houston Deal of the Day! Our deal of the day with an MLS number of  64278450 is located at 5041 Lido Lane, Houston, Texas 77092 with a total square foot of 1600.

Our subject property is a ranch-style residential unit with three beds and two baths. This also has a fireplace and a garage. Built in 1955, this character-filled property with large fenced-in back and beautiful trees presents a very homey vibe.

Strategically located within proximity to schools, from elementary to high school, this property is also a few blocks away from a bike trail and a golf range.

Our deal of the day has a list price of $264,000 and its estimated price is valued at $313,125. Its list price per square foot is at $164.08 and its estimated price per square foot is $194.61.

 For the comparables, you may select the best property using our MLS Deal Finder. For reference, pre-selected comps are highlighted in blue. Information regarding the said properties will be reflected, as well as the investment summary of each.

For the investment summary of the subject property, it is listed at $264,000 with a 15.69.% discount from its estimated price of $313,125. This property is sold “as is where is’ making it perfect for flipping. It also has a good rental index of 0.7 and its estimated monthly lease is at $1859.

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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