Deer Creek Ranch Home For Sale $160k Prefer CASH

SHORT SALE Subject To Lender Approval. Contract already on property. Looking to flip/assign the deal. This is a nice home in a nice, quiet ranch area in Dripping Springs sitting on almost 1.5 acres with no HOA restrictions. It has stained concrete floors. It needs about $4k (worstcase) in repairs, including a little yard attention.

Hays County Tax Value: $194

ARV: $217k

$57k+ equity
min profit: $22k+ (60% ROI after buying/repairing/holding/selling costs factored in for 6 months, 80% ROI if existing tenant pays holding costs)

Other Property Details: built 2001, current tenant in property

http://www.deercreekranchnews.com/

If lender doesn't approve short sale, seller may be willing to do "subject to" deal. Keep this deal in mind!