Here's a property I have in Fort Worth. Kindly find the details below:

Apr 11 (edited) • Deals

Subject: 🔥 April 21 Deadline – Take Over a 4.5% Mortgage on a Turnkey 2,683 sqft Fort Worth Rental for Only $39,900 Cash

🔥 Deal Package for End Buyer – Turnkey Sub-to Mortgage Takeover Opportunity

Property Overview

Address: Fort Worth TX 76108

Type: Single-family residential, turnkey (Rehab = $0)

ARV Estimate: $350,000+ (conservative; based on your comps for the only ~2,700 sqft home in the immediate area, 600 ft from smaller comps). The market median sale price in 76108 is ~$300K–$323K with $170–$182/sq ft, but this larger, newer home commands a premium.

Estimated Repair Costs: $0 (Turnkey condition as provided)

Clear Price / Cash to Close for End Buyer:

Purchase Price (mortgage takeover): $295,000

Down Payment: $14,000 - 2 months' mortgage payments

Assignment Fee: $20,000

Total Cash to Close (pre-closing costs): $34,000

Closing Costs (pessimistic 2% of purchase price): $5,900

Grand Total Cash Needed: ~$39,900

Monthly Numbers (Locked at 4.5%)

PITI: $2,355.95

Projected Rent: $2,650+

Monthly Cash Flow: +$294 (positive from Day 1)