Wholesale deal - Estimated 116% ROI - 16021 N. 66th drive Glendale, AZ 85308

Wholesale deal - 16021 N. 66th drive Glendale, AZ 85308

Estimated 116% ROI!! Great lot in Glendale!  Just north of Greenway and 67th Ave.  This 15k + sq foot lot (1/4+ acre) is ready for a mobile home to be placed.  Property has city water, septic system, power available, city services, and is in PEORIA SCHOOL DISTRICT.  Substantial concrete poured for parking and entertainment.  Close to Arrowhead, shopping, and entertainment.  Walking distance to Cactus High School and Foothills Elementary.  Easy process to add Affidavit of Affixture that will allow property to be financed. Mobile homes can be found on Craig's List or via Bronco Mobile homes (http://www.broncohomesarizona.net/bronco_homes_003.htm).

See comps, pics, and Estimated budget with 116% ROI below.

Wholesale price:  $40k
Estimated mobile home/rehab:  $20k
Estimated ARV:  $110k

Close of escrow on or before 5/31/2016.  First signed contract and $2500 non-refundable deposit to title wins.  Buyer pays all closing costs. 

Affidavit of Affixture Process:
http://www.azleg.state.az.us/ars/42/15203.htm

Fun disclaimers:

All Prices based on cash sale with $2500 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.

Pics:

Comps:




Estimated budget:

Purchase Price 40000 Front side Hard Mony loan  32000 Hard money down payment 8000 Interest hard money  - 18% 6month term - 4 months 480 1920 Closing costs 1500 Remodel 20000 Insurance 700 APS/Water 700 Total cash invest 32820 32820 Total Frontside costs 64820 Backside Estimated renovated sales price 110000 Realestate commission 0.05 5500 title fees 1500 total fees 7000 7000 total frontside costs 64820 Total Earnings 38180 ROI 1.163315