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Odessa
Fixer 16 units for $210,000 in Texas Mulberry Court 2113 E 9th St Odessa, TX 79761 PRICE: $210,000 UNIT MIX: 1 bd (16) MARKET RENT: $850 per month OCCUPANCY: Vacant After Repair Value: $640,000 EST REPAIR COSTS: $5000 x 16 units = $80,000 “ALL-IN”PRICE W/REPAIRS: $290,000 SHORT-TERM BRIDGE LOAN TERMS: $290,000 @7% interest, no pre-pay penalty, 36 months LTV: 45% UNEMPLOYMENT RATE: 3% (Sept Read the full article…