REDUCED Wholesale - 2524 E. Clarendon Phx, AZ 85016

REDUCED Wholesale - 2524 E. Clarendon Phx, AZ 85016

4 bedroom, 1.75 bathroom rehab that didn't quite make it .... needs some love.  Neighborhood values are strong.  This is a strict assignment deal.

Vision and need set:  Carport/Parking structure, curb appeal front yard (green up grass, add flowers/color), can lights in kitchen, change kitchen counters (marble or LIGHT color granite/quartz), paint cabinets (expresso/kona), bathrooms - remove shower surrounds and install tile showers, paint front door (red).

Wholesale Price:  $215k
Estimated Rehab:  $20k
Estimated ARV:  $310k

First signed contract and $2500 non-refundable earnest money deposit wins.   Close of escrow is on or before 4/29/2016 and buyer to pay all closing costs.

Fun disclaimers, ESTIMATED BUDGET with 58% 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.

Listings used in comp:

http://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=17vidinxflxb&s=12&id=1&cid=1

 Pics:

CMA:



Estimated Budget with 58% ROI:

Purchase Price 215000 Front side Hard Mony loan  172000 Hard money down payment 43000 Interest hard money  - 18% 6month term - 4 months 2580 10320 Closing costs 1500 Remodel 20000 Insurance 700 APS/Water 700 Total cash invest 76220 76220 Total Frontside costs 248220 Backside Estimated renovated sales price 310000 Realestate commission 0.05 15500 title fees 1500 total fees 17000 17000 total frontside costs 248220 Total Earnings 44780 ROI 0.58751