Garland Investment Property

Great Rental Opportunity!

Assignment contract offered for sale by wholesaler for the Property located at

1214 Merrimac Trail, Garland 75043

3 bed / 2 bath / 2 car garage

SQFT: 1864

Yr Built: 1971

ARV: $212,000+

Price: $165k

Repairs: $20k

video: coming soon

Ideal opportunity for a quick flip or rental in Garland! This property is 3 bedrooms, 2 bathrooms and 1,864 sq ft. Rehab requires paint & carpet, HVAC servicing, and minor foundation work. Comps have low DOM in this desirable area!

Call, text, or email for address and access. 

For more info and to schedule access, contact Justin @ 214-704-7248 or email justin@2020rei.com


FINANCING AVAILABLE on this and all of our investment properties from 3L Finance.  Call Mike now at 972-737-1850 to find out which loan is for you.

  • Loan Amount:  90% of purchase price + Rehab Amount:  90%-100%
  • Total Loan Amount (Purchase + Rehab):  Not to exceed 70% ARV
  • Interest Rate: 12%
  • Origination Fee: 2%
  • Term: 6 months
  • Other charges:  No other fees.  No appraisal required.  No underwriting/processing fees.

Financials

  • After Repaired Value: 212000+ 
  • Estimated Rehab: 20000 
  • Price: 165000 
  • Terms: cash or cash-like financing 
  • Estimated Rent: 1600 

Property

  • Address: 1214 Merrimac Trail, Garland, TX 75043, USA 
  • Bedrooms:
  • Bathrooms:
  • Garage:
  • SqFt: 1864 
  • Subdivision: Lakeside Meadows 
  • Area: Broadway / Colonel Dr 

Contact Information

  • Phone Number: 214-922-1970 
  • Contact Name: Justin 
  • Contact User Name: justin@2020rei.com 
  • Date Listed: 11/13/17 

Lease Terms

none

School

Garland ISD

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