3BR Home in Angleton , TX

About This Property

SUBJECT-TO ACQUISITION | REMODELED 3/2 | ANGLETON, TX 511 W Orange St, Angleton, TX 77515 down payment: Contact for details + buyer closing costs$285,000EXISTING LOAN BALANCE: Contact for detailsINTEREST RATE: 6.625%PRINCIPAL INTEREST: $662.66/monthTAXES INSURANCE: $417.38/monthTOTAL Contact for details/monthDEFERRED BALANCE: Contact for details (no separate monthly payment; included in total amount owed)MARKET RENT: Approximately Contact for details/monthPROJECTED CASH-ON-CASH: Approximately 15% with a 10% maintenance reserve PROPERTY DETAILS3 bedrooms | 2 bathrooms | 984 sq ft | Built 1958Single-family home | Vacant at closing This already-remodeled bungalow features a fully remodeled kitchen and both bathrooms. The kitchen includes shaker cabinets, granite counters, subway tile, a stainless gas range, and microwave. The updated bath includes a walk-in shower, floor-to-ceiling porcelain tile, and a hex-tile shower pan. Wood-look tile runs through the main living space. Remaining work is primarily cosmetic: landscaping, interior paint, fire alarms, and adding a refrigerator. Washer and dryer are included. Major systems are believed to be functioning with no known issues. The fenced, tree-shaded backyard includes a storage shed wired for electricity. There may be potential for an ADU conversion or a second entrance from the back street, local approvals. IMPORTANT SUBJECT-TO DISCLOSUREBuyer takes ownership the existing financing. A separate Contact for details deferred balance is attached to the property, has no separate monthly payment, and is not included in the Contact for details. Buyer must underwrite the full debt and independently verify the loan, title, property condition, rent, taxes, insurance, and all figures. Subject-to transactions carry due-on-sale, legal, and tax risks; buyer should review the transaction with qualified legal and tax professionals. Figures are seller/sponsor estimates and are not guaranteed.

Listing Source