• 1a. Single Family Deals Buy / Sell – North Texas

  Offer Sub2: Farmers Branch, 4/2, $35k ENTRY FEE

  Posted by propshop_connector on 6 September 2024 at 6:14 PM

  Interesting deal in Farmers Branch!

  Deal Subject-To: Dallas

  Entry Fee: $35k

  Seller Financing: $15k carryback, financed over 2 years with interest 0% interest

  Closing Date: September 10th, 2024

  Property Overview:

  Address: 3670 Morningstar Ln, Farmers Branch, TX

  Layout: 4 Bedrooms / 2 Bathrooms

  Size: 1,973 sqft

  Year Built: 1960

  Status: vacant

  EMD: $5k

  Financials:

  Total Entry Fee: $50k + closing costs

  Interest Rate: 4.6%

  Total Purchase Price: Approx. $476,000

  Outstanding Mortgage Balance: $426,000

  PITI: $3,698/month

  Rental Projections:

  Long-Term Rental: $3,500-$3,800/month (Zillow)

  Airbnb Potential: $5,500/month (AirDNA)

  Location Highlights:

  DFW Airport: 20 minutes

  Love Field Airport:18 minutes

  Downtown Dallas: 20 minutes

  American Airlines Center: 17 mins

  SMU (Southern Methodist University): 15 mins

  UT southwestern medical center: 12 mins

  Medical City Dallas: 10 mins

  Galleria Mall: 10 mins

  See more details at https://www.facebook.com/groups/457532828358713/user/196002970/

  Need more info? Send a private message or drop a comment with your questions.

  propshop_connector replied 1 month ago 1 Member · 0 Replies

  • off-market
  • offer
  • SFH
  • Sub2
• 0 Replies

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