**** DISCOUNTED AND UPDATED ****** Wholesale Deal - 4634 E. Virginia, Phx, AZ 85008

**** DISCOUNTED AND UPDATED ****** Wholesale Deal - 4634 E. Virginia, Phx, AZ 85008


DISCOUNTED WHOLESALE DEAL - Great opportunity for flip in Arcadia at a $55k discount and 122% ROI.  3071 sq ft 3 bed/2bath on 10,0014 sq foot N/S lot.  Home had 1600+ sq feet added 20+ years ago to original 1953 floor plan.  There are two HVAC systems, one of which was upgraded in 2009 and is under warranty. Roof was replaced in 2009 and is also under warranty.  See floor plan for details.

I ran the first numbers too conservatively.  The idea with this rehab is to go all out... no half-ass.  Front elevation already has the "modern farmhouse" look.  Go with this decor all the way ... add barn doors, reclaimed barn wood, wainscotting, custom lighting ... etc. 

Need set:  Minor interior floor plan modifications, add a master suite within the existing floor plan, updating

Wholesale Price:  $370k
Estimated Rehab:  $60k
Estimated ARV:  $675k
ESTIMATED ROI:  122%

Close of escrow on or before 6/10/2016.  First signed contract and $2500 non-refundable deposit to title wins.  Buyer pays all closing costs. 
 

See below for fun disclaimers, ESTIMATED 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:

Estimated Budget:

Property Address
	Purchase Price				370000
		Front side
		Hard Mony loan						296000
		Hard money down payment					74000
		Interest hard money
		- 18% 6month term - 4 months			4440		17760
		Closing costs					1500
		Remodel					60000
		Insurance					700
		APS/Water					700
			Total cash invest				154660	154660
			Total Frontside costs					450660
		Backside
		Estimated renovated sales price						675000
		Realestate commission			0.05		33750
		title fees					1500
			total fees				35250	35250
			total frontside costs					450660
		Total Earnings						189090
		ROI						1.222617