Maricopa Assessor Parcel # 165-27-048
4 bed 3 bath, 1930 sq ft, 10k+ sq ft lot, built in 1961. Great
house in a awesome area - views of the mountains - house are selling
quickly in the area!!!! Big profits for low investments. Do the basic
remodel and finish quickly.
Remodel plan to make the most profit
Sandblast the brick - stucco the wood areas
Two tone paint inside
new flooring
up date two bathrooms
refinish/clean up kitchen bath
new high baseboard
Wholesale Price: $259,900
Estimated Rehab: $25k
Estimated ARV: $360k - $375k.
First signed contract and $2500 non-refundable earnest money deposit wins. Close of escrow is on or before 2/29/16 and buyer to pay all closing costs.
Fun disclaimers, ESTIMATED BUDGET with 61% ROI, and Pics:
All Prices based on cash sale with $2,500 non-refundable deposit to secure property.
IMPORTANT INFORMATION
- All properties offered are either owned or are under contract and selling equitable interest or offered in conjunction with business associate.
- One of managing members is a licensed Real Estate Agent in the state of Arizona.
- If estimated values are provided, they are based on interpretation of MLS and Tax Data.
- Hard Money Available on most transactions at range of 14-18% with 20-30% down and transaction fee.
- Price is net to seller and Buyer pays all closing cost
- Buyer agrees to double close of escrow
Investors/buyers
are encouraged to conduct their own due diligence. The members of the
selling entity are not tax or financial advisers. You should consult
with a certified financial and/or tax adviser on any investment you are
considering. Buyer pays all closing costs.
Pictures - https://db.tt/0kxCa8vL
Purchase Price | 259900 | ||||||
Front side | |||||||
Hard Mony loan | 207920 | ||||||
Hard money down payment | 51980 | ||||||
Interest hard money | |||||||
- 18% 6month term - 4 months | 3118.8 | 12475.2 | |||||
Closing costs | 1500 | ||||||
Remodel | 25000 | ||||||
Insurance | 700 | ||||||
APS/Water | 700 | ||||||
Total cash invest | 92355.2 | 92355.2 | |||||
Total Frontside costs | 300275.2 | ||||||
Backside | |||||||
Estimated renovated sales price | 375000 | ||||||
Realestate commission | 0.045 | 16875 | |||||
title fees | 1500 | ||||||
total fees | 18375 | 18375 | |||||
total frontside costs | 300275.2 | ||||||
Total Earnings | 56349.8 |