44 Camaguey Ave
Brownsville, TX 78526
44 Camaguey Ave
Overview
Located on the 18th hole of the Brownsville Country Club, this 3-bedroom, 2-bath property is set for a partial rehab to enhance its value. Currently rented until June 2025, the tenant has agreed to stay during the rehab period in exchange for a rent credit in the upcoming lease. Planned upgrades include a refreshed kitchen, updated bathrooms, new flooring, windows, and pool improvements. With an ARV of $375,000 and a projected ROI of 46%, this six-month investment opportunity offers a fixed 11.5% ROI, making it an attractive option for investors seeking both stability and growth.
Beds
3
Size
2,417 sq ft
Built
1991
Insurance Costs
$1500.00
ARV Appraisal
$375,000
Monthly Rent
$3400.00
Bath
2
Lot Size
9,350 sq ft
Property Taxes
$1760.96
As IS Appraisal
$310,000
Rehab Costs
$60,000 – Partial Rehab Kitchen, Bathrooms, flooring, inground pool
Monthly Cash Flow
$1,850.00
More Information
Purchase Price
$325,000
Down Payment
$93,500
Date of Contract
June 1, 2024
Closing Date
December 19, 2024 – Seller Financing
Monthly Loan Payment
$949.98 (PITI)
Exit Strategy
Hold/Rehab/Flip
Estimated Profit on Project
$80,750
Estimated Project ROI
46.0%
Buyer
Texas Property Development, LTD
Lien Position
2nd
Funding Needed
$60,000
Terms
6 Months
Fixed ROI
11.5%
The property is currently rented until June 30, 2025. The tenant has agreed to remain during the rehabilitation period in exchange for a rent credit in the new lease starting July 1, 2025. The property is situated on the 18th hole of the Brownsville Country Club. Planned rehabilitation includes updates to the kitchen, bathrooms, flooring, windows, in-ground pool, and landscaping.
