Estimated 51% ROI. Fantastic property in Surprise! 3010 sq ft, 4 bed with a den, 3 bath, on corner pie-shaped lot 9k+ square foot lot, with a POOL. Home boasts MASSIVE covered patio, walk deck, pool, surround sound in FR, niches, front bedroom with private bath (easy conversion into second master suite). Close to shopping, Surprise Stadium, walking distance to Cimarron Springs Elementary School, and 303 loop.
Wholesale Price: $195k
Estimated Rehab: $30k
Estimated ARV: $300k
Close of escrow on or before 5/20/2016. First signed contract and $2500 non-refundable deposit to title wins. Buyer pays all closing costs.
See comps, pics, fun disclaimers, and estimated 51% ROI budget below:
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 | 195000 | ||||||
Front side | |||||||
Hard Mony loan | 156000 | ||||||
Hard money down payment | 39000 | ||||||
Interest hard money | |||||||
- 18% 6month term - 4 months | 2340 | 9360 | |||||
Closing costs | 1500 | ||||||
Remodel | 30000 | ||||||
Insurance | 700 | ||||||
APS/Water | 700 | ||||||
Total cash invest | 81260 | 81260 | |||||
Total Frontside costs | 237260 | ||||||
Backside | |||||||
Estimated renovated sales price | 295000 | ||||||
Realestate commission | 0.05 | 14750 | |||||
title fees | 1500 | ||||||
total fees | 16250 | 16250 | |||||
total frontside costs | 237260 | ||||||
Total Earnings | 41490 | ||||||
ROI | 0.510583 | ||||||
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