Wholesale Deal - 6218 W. Indianola Phoenix, AZ 85033

Wholesale Deal - 6218 W. Indianola Phoenix, AZ 85033

5 bedroom, 2 bath with diving pool situated in a cul-de-sac on a North South lot.  Lot is 12,907 sq feet.  County records show 1819 sq feet, total square footage is approximately 1963.  There is an unpermitted bedroom addition on the covered patio that is approximately 144 sq feet.  See county assessor for layout.  We've crossed this bridge before and have had the county recognize the unpermitted additions.   Properties are closing at $101-104/sq ft in the area in under 50 days.

**** CALL ME TO SCHEDULE APPT TO VIEW.  OCCUPIED*****

Need set: Cosmetic Updating

Wholesale Price:  $125k
Estimated Rehab:  $20k
Estimated ARV:  $195k


Close of escrow on or before 7/8/2016.  First signed contract and $2500 non-refundable deposit to title wins.  Buyer pays all closing costs.  Escrow is opened at First Arizona Title - Kim Stembridge is EO (623)385-1004. 
 

See below for fun disclaimers, ESTIMATED budget, pics, and comps and link to 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:

Comps:


Link to comps:
http://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=17xkh2kxmyvt&s=12&cid=1

Estimated budget:

Property Address
	Purchase Price				125000
		Front side
		Hard Money loan						100000
		Hard money down payment					25000
		Interest hard money
		- 18% 6month term - 4 months			1500		6000
		Closing costs					1500
		Remodel					20000
		Insurance					700
		APS/Water					700
			Total cash invest				53900	53900
			Total Frontside costs					153900
		Backside
		Estimated renovated sales price						190000
		Realestate commission			0.05		9500
		title fees					1500
			total fees				11000	11000
			total frontside costs					153900
		Total Earnings						25100
		ROI						0.465677