501 W San Patricio Ave

I have a two structure fix and flip opportunity in Mathis, Texas that I wanted to bring to you directly. The numbers work well for either a straight flip or a BRRRR hold, and I think it is a strong fit for what you guys typically look for. THE PROPERTY 501 W San Patricio Ave, Mathis, TX 78368, San Patricio County. Free and clear title. Two separate structures on one lot: a front house at 2 bedroom 1 bath and a back house at 1 bedroom 1 bath. THE NUMBERS End buyer price: $40,000 Estimated total rehab (both structures): $58,000 Total all in: $98,000 Combined ARV once both structures are renovated: $124,000 Combined post rehab monthly rent: $1,350 ($700 front, $650 back) FLIP MATH At $124,000 ARV and $98,000 all in, there is room for a solid flip margin once you factor in selling costs, though the stronger play here is actually the hold. BRRRR MATH This is where the deal really shines. Total capital deployed is $98,000. A refinance at 75 percent of the $124,000 ARV returns $93,000 to you, which means you get nearly all of your capital back. Net capital remaining in the deal after refinance is roughly $5,000. You walk away with two income producing rental units, $31,000 in retained equity, and almost your entire investment returned to redeploy into the next deal. WHY THIS WORKS Two units under one roof purchase means you are building a small portfolio in a single transaction rather than sourcing two separate deals. The rehab scope is well defined on both structures, and the post rehab rent of $1,350 combined comfortably covers debt service on a refinanced loan with room left over for cash flow.