Wholesale Deal - 3722 E. Greenway Lane Phx, AZ 85032

Wholesale Deal - 3722 E. Greenway Lane Phx, AZ 85032

LOCATION, LOCATION, LOCATION:

Fantastic flip opportunity in Northern Phx within 3 minutes of the SR51, shopping, dining, and entertainment.  Home sits on oversized corner lot (8702 sq ft) with RV gate and NO HOA.  4 bedroom, 2 bath, 1972 square feet and built in 1980.  Needs cosmetic rehab - Paint, floors, counters, etc. 

Free flipping tip from Travis:  New cabinet doors and drawers can be manufactured from sheets of MDF, add a router edge, and use Rustoleum cabinet paint kit from HD to generate a "new" kitchen for approximately $650. 

Wholesale: $205,000
Estimated Rehab:  $30,000
Estimated ARV:  $300,000

First signed contract and $2500 non-refundable earnest money deposit wins.   Close of escrow is on or before 3/17/15 and buyer to pay all closing costs.

Fun disclaimers, ESTIMATED BUDGET with 44% ROI, Pics, and Comps below:

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.

 

CMA:

 

 

 

 

Pics:

 

ESTIMATED REHAB BUDGET:
	Purchase Price				205000
		Front side
		Hard Mony loan						164000
		Hard money down payment					41000
		Interest hard money
		- 18% 6month term - 4 months			2460		9840
		Closing costs					1500
		Remodel					30000
		Insurance					700
		APS/Water					700
			Total cash invest				83740	83740
			Total Frontside costs					247740
		Backside
		Estimated renovated sales price						300000
		Realestate commission			0.045		13500
		title fees					1500
			total fees				15000	15000
			total frontside costs					247740
		Total Earnings						37260