"Killeen Cash Cow: $60K Equity at $115K – 4 Bed Steal Near Fort Hood!"

Turnkey Cash-Flow Opportunity in Killeen, TX – 2502 Chestnut Drive

Price: $115,000 ARV: $175,000 Location: 2502 Chestnut Drive, Killeen, TX 76543 Specs: 3 Bed | 2 Bath + Converted Garage (4th Bedroom)

Deal Highlights

• Instant Equity: Priced at $115K with an ARV of $175K—$60K in potential equity post-rehab!

• Rental Goldmine: Estimated rental income of $1,400–$1,800/mo in Killeen’s high-demand market.

• Cap Rate: 8–10% (conservative estimate).

• Prime Location: Minutes from Fort Hood, perfect for military tenants, families, or professionals.

Property Overview

This 3 bed/2 bath single-family home in the heart of Killeen offers a rare opportunity for investors. The garage has been converted into a spacious 4th bedroom, ideal for maximizing rental income by attracting larger families or roommates. The bonus room (currently set up as a recording studio) can also serve as a home office or flex space, adding versatility for tenants.

The exterior features a large, fenced backyard with plenty of room for outdoor activities, as seen in the photos—perfect for families or pet owners. The single-story layout ensures low maintenance, and Killeen’s affordable taxes and insurance rates keep your overhead low.

Why Killeen?

• Booming Market: Killeen’s population has grown 10%+ in the last decade, driving demand for rentals.

• Military Hub: Proximity to Fort Hood ensures a steady stream of tenants.

• Growth Potential: Rising home values and rents make this a solid buy-and-hold or fix-and-flip.

Condition & Opportunity

As shown in the photos, the property is functional but could benefit from cosmetic updates to unlock its full potential. The interior bonus room (formerly the garage) is already set up with soundproofing and lighting, appealing to creative tenants or easily convertible back to a bedroom. The exterior needs minor cleanup (yard debris, organizing outdoor items), but the structure appears solid with no major repairs needed. This is a light rehab project with a big payoff—perfect for investors looking to add value!

The Numbers

• Purchase Price: $115,000

• After Repair Value (ARV): $175,000

• Potential Equity: $60,000

• Rental Income: $1,400–$1,800/month

• Cap Rate: 8–10%

Note: Verify rental rates and rehab costs with a local expert for precise ROI.

Call to Action

Don’t miss this cash-flowing gem in Killeen’s hottest rental market! At $115K, this deal won’t last long. Contact us to schedule a virtual or in-person tour today!

Contact: jnadynamicholdings.co

Phone: 469.949.3363