232 LUTHER LN

Blueprint2,840 SF
5
3
1960
N/A
CAP RATE
{{ percent(capRate, 1) }}
ROI
{{ percent(CoC, 1) }}

{{ currency(propertyValue, 0, '-') }}

Property Value

{{ currency(calcParams.purchaseprice, 0, '-') }}

Purchase Price

Managing property on behalf of {{ access?.behalfOf.firstName }} {{ access?.behalfOf.lastName }}
PRE-FORECLOSURE :: AUCTION SCHEDULED {{ longDate(preForeclosureFiling.auctionDate, 'N/A') }}
You’re viewing this property using financial parameters from your search, which differ from your default settings. You’ve adjusted the financial parameters for this property.
Click “Save” to keep these settings linked to this property when viewed in future sessions.
Proposed Cost {{currency(calcParams.purchaseprice)}}
Property Value {{ currency(propertyValue, 0, '-') }}
After Repair Value ({{currency(flipAfterRepairValueSF)}}/SF) {{currency(flipParams?.afterRepairValue)}}
Total Monthly Rent {{ currency(unitsTotalRentalRate) }}
Average Nightly Rate ({{ currency(strRentalRateSF, 2, '-') }}/SF) {{ currency(calcParams.strRentalRate, 0, '-') }}
Rooms
Avg Weekly Rate
Rental Rate {{ currency(monthlyRental, 0, '-') }}
AUTO
{{ firstProformaYearRaw.fiscalYear }}
 
CAP RATE
{{ firstProformaYearRaw.fiscalYear }}
 
ROI
 
Calculator Mode:
Property Type:
Rental Type:
  • Tenant Occupied
  • {{ propertyStore?.property?.mlsSource?.status }}
Custom Edits

Total Investment Initial Investment

{{ currency(netEquity) }}

Current Equity
{{ number(downpaymentWhole) }} %
Flip Only
{{ currency(flipTotalCashInvested) }}
Cash Required
{{ currency(flipNetProfit) }}
Net Profit
BRRRR
{{ currency(flipNetInvestmentAfterRefi) }}
Net Investment
{{ currency(accumulationOfWealth) }}
10-Year Net Gain
Property Description Source: Medve Real Estate, LLC

Welcome to Carmine! Properties in Carmine rarely come up for sale. This property is on 1.5 acres on a quiet street, a 2840 sf home, with 2 barns and incredible trees. This is a unique property in a great location! You walk into the living room with a fireplace and formal dining room, both with wooden floors. Downstairs also has 3 bedrooms and 2 bathrooms. The kitchen is a great size and it also has a butlers kitchen or large walk in pantry. Upstairs has 2 bedrooms, 1 bathroom and a game room or second living room. The shops are metals with concrete floors. They could be a party barn or park a boat or an RV in them. If you are looking for an Air BNB, this property could be converted into a home with two separate entrances. The acreage may fit a second or third home. Buyer to contact the City of Carmine. This home is located about 1/2 mile from Hwy 290. It is located 10 min from Round Top. About one hour and 20 min from Houston.

Virtual Tour Link
Avatar
Listing Agent: Samantha Medve
Agent Office: 936-662-7604
Broker: Medve Real Estate, LLC
HAR
Houston Association of Realtors
List Price: $699,000
List date: 05/23/2024
Days on Rescover: 216
MLS Source: HAR
MLS Number: 33411951
MLS Data Sync: 12/24/2024 7:09 PM CST
MLS Disclaimer: All information is subject to change and should be independently verified. Copyright © 2022, HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved.
DISCLAIMER: Rescover, Inc owns and operates the RESCOVER website (the "Site"). Any access of the Site or submission of information to the Site is subject to the Terms of Use. All information submitted to the Site comes from outside sources. Any adaptation of the information is based strictly on assumptions and projections, and are not purported to be actual results. Analysis of and projections made by RESCOVER are for its own purposes to ascertain its pre-determined criteria. All content on the Site accessed by you is "As Is" and without warranty of any kind, express or implied. RESCOVER is not an investment adviser, and does not provide advice of any kind. Any use of the information by you is strictly in accordance with the Terms of Use.

Offcanvas with body scrolling