Wholesale deal - 7732 E Holmes Ave, MESA, AZ 85209
Estimated 62% ROI AT A GREAT PRICE POINT.
A very dated 1504sf including 4beds, 1.75baths, an office, and an
arizona room! NO HOA! Huge carport, would be perfect to show as a
"workshop" space. Perfect project for the creative investor.
Need
Set: This can be a fun one! The frontage of the house needs a creative
update - figuring out what to do with the large carport. Basic updating:
paint, flooring, minor kitchen reno.
Wholesale Price: $95k
Estimated Rehab: $20k
Estimated ARV: $160k
Close of escrow on or before 6/13/2016. First signed contract and $2500 non-refundable deposit to title wins. Buyer pays all closing costs.
See below for fun disclaimers, ESTIMATED 62% ROI budget, pics, and comps:
Wholesale Price: $95k
Estimated Rehab: $20k
Estimated ARV: $160k
Close of escrow on or before 6/13/2016. First signed contract and $2500 non-refundable deposit to title wins. Buyer pays all closing costs.
See below for fun disclaimers, ESTIMATED 62% ROI budget, pics, and comps:
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:
7732 E Holmes Ave, MESA, AZ 85209 | ||||||||
Purchase Price | 95000 | |||||||
Front side | ||||||||
Hard Mony loan | 76000 | |||||||
Hard money down payment | 19000 | |||||||
Interest hard money | ||||||||
- 18% 6month term - 4 months | 1140 | 4560 | ||||||
Closing costs | 1500 | |||||||
Remodel | 20000 | |||||||
Insurance | 700 | |||||||
APS/Water | 700 | |||||||
Total cash invest | 46460 | 46460 | ||||||
Total Frontside costs | 122460 | |||||||
Backside | ||||||||
Estimated renovated sales price | 160000 | |||||||
Realestate commission | 0.045 | 7200 | ||||||
title fees | 1500 | |||||||
total fees | 8700 | 8700 | ||||||
total frontside costs | 122460 | |||||||
Total Earnings | 28840 | |||||||
ROI | 0.620749031 |
Comps: