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$49,000

982 Cheyenne, Quitman, TX, 75783

$63,700 ARVInfo
On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,344 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$36.46 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Must-SellARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
FlooringOther

About this property

This 3 bedroom, 2 bathroom home sits on a spacious 10,999 square foot lot in Quitman and is priced to move at $69,000. Built in 2001 with 1,344 square feet of living space, this property is a fantastic opportunity for a buyer ready to put in some sweat equity and build instant equity. The home needs work throughout, making it perfectly suited for an investor, contractor, or handy buyer looking to customize a home to their own taste while capturing significant upside. A real bonus here is the additional manufactured home on the property, offering extra space for storage, guests, or additional income potential. With a large lot, room to spread out, and pricing well below comparable homes in the area, this is a rare chance to get into the Quitman market at a number that leaves plenty of room for improvements

Investor Tools

$0Estimated Mortgage Balance
$79,300Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$63,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$476 /month
Positive
Cash Flow Estimate:
$159 /month

Interested in this property?

Jonathan Swearingin

Real Broker, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$130/month
No HOA
5.947%

City: Quitman

982 Cheyenne | Property Details | No Agent List