Monday, February 22, 2016

Wholesale Deal - 10013 N 30th Place Phoenix, AZ 85032

Wholesale deal - 10013 N 30th Place Phoenix, AZ 85032
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.

 
 

Estimated Budget:


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

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