Independence Heights distressed frame home
12XX E 32nd St · Houston, TX 77018 · Harris County County
Front elevation
1 / 6Asking price
$168,000
ARV range
$245K–$268K
Repairs
$58K–$72K
Discount to ARV
34.5%
Projected profit
-$21,915
ROI
-8.4%
Cap rate
4.4%
Cash-on-cash
-0.0%
Risk flags and disclosures
Surfaced automatically from the listing data. Confirm every item during your own diligence.
Structural repair identified
The rear addition shows visible settlement. A structural engineer review is recommended.
- Property is in poor condition and is not habitable in its current state.
Underwrite this deal
Every input is editable and every number recalculates instantly. Seller figures are pre-filled — replace them with your own assumptions.
Maximum allowable offer
$108,050
Asking price is $60K above your rule.
Total basis
$260,460
Selling costs
$17,955
Holding costs
$5,400
Contingency
$6,500
Net profit
-$21,915
ROI
-8.4%
Annualized ROI
-16.8%
Break-even sale price
$280,065
Modeled projections for demonstration only. They are not an appraisal, a guarantee of returns, or investment advice.
Small frame home in poor condition on a 5,000 square foot lot inside the loop. Most buyers on this block are pricing the lot value and building new; the renovation path is shown as the conservative case in the underwriting tab.
Beds / baths
2 / 1
Square feet
980
Lot size
5,000 sqft
Year built
1945
Units
1
Occupancy
Vacant
Market rent
$1,750/mo
Taxes
$385/mo
Access
Vacant — exterior viewing anytime
Highlights
- Inside-the-loop lot with new construction on the same block
- No known deed restrictions on the parcel
- Priced below recent lot-only sales on adjacent streets
Known repairs
- Structural repair to rear addition
- Full systems replacement
- Roof
- Siding and windows
Deal structure
Direct-to-seller with flexible closing between 14 and 30 days.