Heated Square Footage: 1952
Bedrooms: 3
Baths: 1.5
Construction: Brick/wood
map page: 458B

16927 Woodburn Dr. 77049
ARV: 92k (appraised)
selling: 25k
repairs: 23.3K


This house has been abandoned for just about a year now and has
suffered some vandalism. A majority of the work is simply trashing the
place out. Certified Living Inspections has estimated the repairs at
23.3k, and I have several bids from contractors ready to do the work.
Furthermore, the property has been appraised at an ARV of 92k.

Days on market are a little longer than average but rental comps in
the area show that rent is going for about 800-900 dollars. With an
interest only loan in place, you could easily cash-out the majority of
the equity and still CASHFLOW this property about 200 dollars per
month. Or you can leave the equity in there and make close to 500
dollars per month. Your call.

This is a no brainer deal, serious investors only! Please dont call me
trying to finance this through your local bank, because it will not
pass inspection, and I dont have that kind of time. Cash, credit line,
and reputable hard money only. I have title open at Fidelity National
Title, clear title.

Visit My Website: www.realnetusa.com


I have this and several other deals available. For more information,
please contact:


Alan Hernandez
Real Estate Wholeseller
Realnet Services of Houston, INC.
6110 Richmond Ave 77057
Cell: 832-896-0998
alan.hernandez@...