This Off-Market 2-bedroom, 2-bath property in the Trophy Club complex represents a compelling value-add opportunity in Houston's Champions Area. Zoned to Klein ISD, this unit needs a little bit of everything to get back on the market. Most comps are not fully renovated!

For a flip exit, five comparable sales in the same complex over the past 12 months ranged from $150,000 to $159,800, with a median of $157,000 ($128.37/sf). Two additional units are currently pending at $158,000 and $180,000. The after repair value of $157,500 is directly supported by these comps, producing a gross spread of $41,000 and a 35.2% return on investment.

For a buy-and-hold exit, the unit rents for $1,600/mo, matching the top rental comp in the complex (Unit #3407, same floor plan. This generates $19,200 in annual gross rent. 

FIRST COME FIRST SERVE

No Double Closing Fees! No Bidding