Property Details
- Time to Build
- N/A
- State
- Texas
- County
- Comal
- City
- Canyon Lake
- GPS
- 29.880151, -98.326578
- Curent Zoning
- Residential
- General Elevation
- 1,016
- Taxes
- $2,490 per year
- Conveyance
- Assignment of Purchase Agreement - OR Special Warranty Deed
- Sewer
- Provided by SJW Texas
- Parcel Size (in acres)
- 1.81 acres
- Zip
- 78133
- Title Info
- Kenneth Neubauer
- Access
- Alto Lago
- Terrain
- Mostly flat with trees
- HOA Fees
- HOA - $800 per year
- Power
- Provided by Pedernales Electric Coop
- Water
- Provided by SJW Texas
- Phone
- Cellular
Transaction Details
| Total Transaction Purchase Price (including closing costs): | $If assignment: 117,000 (includes 12K assignment fee. OR - If we partner: 107,000 |
| Anticipated Sale Price: | $155,000 |
| Anticipated Transaction Completion Time (cash in to cash out for equity partner): | 60 - 120 days |
| Escrow or Notary Acquisition? | Escrow |
| Escrow or Notary Sale? | Escrow |
| Percent of Funding from Partner Required: | 100% |
| Equity Partner Profit Split: | If assignment: We will assign 100 percent of the contract to you. You keep 100 percent of the profits. If we partner on deal: 50/50 split.% |
| Anticipated Budget: | $Assignment: 155,000 (sale price) - 105,000 (property cost) - 12,000 (assignment fee) = 38,000 (gross profit) less closing costs and marketing expenses. OR If we partner: 155,000 (sale price) - 105,000 (property cost) - 4,000 (closing cost x2) - 9,300 (6% agent fee) = 36,700 profit. Funding partner receives 18,350. |
| Miscellaneous Option 1: | If we partner on this deal, the property will be listed with an agent in the area that we have previously worked with on other deals. |
| Miscellaneous Option 2: | The lot is located in the gated community of Cordova Bend. Here's a YouTube that features Cordova Bend: https://www.youtube.com/watch?v=PPLlGvo8PRc |
