This Houston property is listed at $99K, significantly below nearby comps ranging from $190K to $353K. Built in 1935 with 4 beds/3 baths in 1062 sqft, it's priced at just $93/sqft compared to neighborhood averages of $190-230/sqft. The dramatic price drop from $475K to $99K suggests potential distress or major renovation needs.
Consider this a high-potential flip opportunity with careful due diligence. The 70% ARV rule suggests a maximum purchase price of $102K (assuming $150K in renovations and $300K ARV), making the current asking price attractive. Focus on structural inspections and renovation cost estimates before proceeding, as the significant price reduction may indicate hidden issues.