Wholesale Deal - 7732 E Holmes Ave, MESA, AZ 85209

Wholesale deal - 7732 E Holmes Ave, MESA, AZ 85209

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:

 

 

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:

 

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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: