Ideal Fix & Flip or

Rental Investment

PILOT POINT, TEXAS

Price

$200,000

Estimated Rehab (Top End Flip) : $101,500

Estimated ARV : $343,000

Average DOM : 26 Days

House Details

  • Type: Single Family

  • Bedrooms: 3

  • Bathrooms: 2

  • Building Sq Ft: 1,810 Sq Ft

  • Lot: 11,326 Sq Ft / 0.26 (Acres)

  • Garage: 2 Car Garage

  • Exterior: Brick

  • Foundation: Slab

  • Occupancy: Vacant

  • Flood Zone: Out

  • Roof : Being replaced via insurance claim

  • Hot Water Heaters:

    Unknown but in working condition

  • HVAC :

    Unknown but in working condition

"The house will be broom swept on or before the date of the sale."

  • Foundation: Needs Work

  • Occupancy: Vacant

  • Flood Zone: No/Out

  • Roof : 5 Years Old

  • Hot Water Heaters: Needed

  • HVAC : Needed

"Don’t miss out on making this your next success story!"

🏡Ideal Fix & Flip or Rental Investment in Thriving Pilot Point

Located in a fast-growing area with high demand for single-family homes, this property is an investor’s goldmine

– whether as a flip or a buy-and-hold rental. Built in 1975, this home offers 1,810 sq. ft. with 3 bedrooms, 2 baths, a two-car garage, all on a spacious 0.26-acre lot.

As a flip, this property has a resale potential between $320,000 and $340,000. Our contractor has provided an estimate for a full update, including foundation work, new windows, HVAC installation, flooring, updated bathrooms, kitchen renovations, and fresh paint throughout the home. The estimated cost for this renovation is between $85,000 and $100,000, depending on selected upgrades.

As a buy-and-hold rental, this property could generate rental income between $2,600 and $2,900 per month.

For a rental-ready update, we estimate rehab costs at $57,000 to $70,000, making this property a fantastic cash-flowing addition to your portfolio.

Key Features

Investment-Ready: Great opportunity for both fix-and-flip projects and high-cap-rate rentals.

Solid Structure: Sturdy build, with potential for enhancements.

Foundation Needs Work: Ready for improvement to add value.

Spacious Layout: 1,810 sq. ft. with 3 bedrooms and 2 bathrooms.

Prime Rental Potential: Post-rehab rent rates estimated at $2,600 - $2,900.

Two-Car Garage: Ample parking and storage space.

Large Backyard: Endless opportunities for landscaping, outdoor amenities, or expansions.

Peaceful Location: Quiet street with no through traffic, ideal for renters or resale.

Beautiful Curb Appeal: Mature trees at the front add charm and shade.

Roof: Only 5 years old.

HVAC & Heaters: Installation needed.

Flood Zone: Not in a flood zone.

DEAL TERMS

  • $5,000 Non-refundable earnest money deposit

  • Buyer pays all closing costs except prorated taxes

  • If the buyer has an agent, their commission needs to be added to the sale price and disclosed in the offer

  • Any marketing of our properties without proper authorization is strictly prohibited.

  • We own the property.

  • Title is open - must close at our Title Company.

"Kindly conduct your own research and analysis."

Reviews

SMOKIN-S PROPERTIES, LLC

Smokin S Properties, LLC is real estate investment company in the state of Texas and is a leading authority on Dallas-Fort Worth Texas area real estate.

Our love for the communities we live and work in is why we do what we do.