1089 MELODY LN

Blueprint1,176 SF
3
2
1984
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: RE/MAX On The Water -Bolivar

ADORABLE 3/2 HOME ON THE BAYSIDE IN A PEACEFUL NEIGHBORHOOD SITTING ON TWO LOTS. THE BEACH IS JUST A SHORT GOLFCART RIDE, AND MELODY IS A BEACH ACCESS ROAD. GREAT CONCRETE SPACE UNDER THE HOUSE WITH ENOUGH ROOM TO PARK TWO VEHICLES AND STILL BE ABLE TO ENTERTAIN. THERE ARE TWO STORAGE SHEDS. THE INSIDE OF THE HOME IS ROOMY WITH THE KITCHEN OPENING UP TO THE LIVING ROOM. THE PRIMARY BEDROOM AND BATHROOM IS IN THE BACK WITH A SMALL DECK OFF OF THE BEDROOM FACING THE BAY. THERE IS A RV HOOK-UP ON THE PROPERTY. THIS IS AN AFFORDABLE BEACH RETREAT. CALL TODAY TO SCHEDULE A SHOWING.

Virtual Tour Link
Avatar
Listing Agent: Kathryn Hammond
Agent Mobile: 281-414-4952
Broker: RE/MAX On The Water -Bolivar
HAR
Houston Association of Realtors
List Price: $375,000
List date: 08/26/2024
Days on Rescover: 123
MLS Source: HAR
MLS Number: 35071112
MLS Data Sync: 12/27/2024 6:08 AM 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