117 S 27th St

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🏚️ Fix & Flip / BRRRR Opportunity – Harlingen, TX

Property Details--
📍 Address: 117 S 27th St, Harlingen, TX 78550
🛏 2 Bed | 🛁 1 Bath | 📐 ~1,000 sq ft | ❄ Central A/C
📋 Free & Clear Title by Closing
💰 Asking Price: $76,000 (Cash, As-Is)
📦 Assignment Fee: Included

🔍 Comps---

2114 Lisa Ann Ave – 1,170 sq ft | Sold: $194,000 | (05/2024)

2813 San Pedro Ave – 1,078 sq ft | Sold: $180,000 | (03/2024)

1009 Ed Carey Dr – 1,050 sq ft | Sold: $175,000 | (04/2024)

👉 These show a conservative ARV of $170K–$190K depending on rehab quality.

💡 Exit Strategy Scenarios----

+Option 1: Flip

Rehab: $35K–$45K

ARV: $180K (conservative comps show up to $194K)

Total Cost Basis: $110K–$120K

Selling Costs: ~10% ($18K)

Net Profit: $35K–$45K

+Option 2: BRRRR / Rental

ARV: $180K → Refi @ 75% LTV = $135K

Total Investment: $110K–$120K

Cash Out: ~$135K → Potentially pull all or most cash back out

Rent: ~$1,200–$1,400/mo → $14K–$17K annually

Cash-on-Cash Return: 50%+ depending on rehab costs.

📞 Contact Info

For serious investors only. Not available for JV. Only End buyer reach out.

First come, first serve.
📲 Omkar Singh Chouhan
📞 760-284-5666 (text only. I will call back you)
📧 workwithomkar@gmail.com

Resources:

• Run the numbers with rehab costs using our Cash Offer Calculator.
• Run this scenario through our DSCR Calculator.
• Run this scenario through our Fix and Flip Calculator.

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