Buy and hold property or quick fix and flip. 4 bedroom, 3 bathroom, 1860 square feet, on 6000+ sq ft lot, built in 1999. Very active community. Solid value. Estimated budget yields a 30% ROI. Average rent is $1300/mo. With small investment in back yard estimated CAP would be just over 9%.
Needset: Counters, backyard, paint, clean.
Wholesale Price: $168k
Estimated Rehab: $8k
Estimated ARV: $215k
CASH/HARD MONEY BUYERS ONLY - MUST HAVE PROOF OF FUNDS
Close of escrow on or before 12/13/2017... can extend if needed. First signed contract and $2500 non-refundable deposit to title wins. Buyer pays all closing costs.
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 - follow link:
https://www.dropbox.com/sh/pg1a4u0l99kkn0u/AAAzT2r7gQu3-DdFy-vaC8Pra?dl=0
Comps:
Estimated Budget:
Property Address | |||||||||
Purchase Price | 168000 | ||||||||
Front side | |||||||||
Hard Mony loan | 134400 | ||||||||
Hard money down payment | 33600 | ||||||||
Interest hard money | |||||||||
- 18% 6month term - 4 months | 2016 | 8064 | |||||||
Closing costs | 1500 | ||||||||
Remodel | 8000 | ||||||||
Insurance | 700 | ||||||||
APS/Water | 700 | ||||||||
Total cash invest | 52564 | 52564 | |||||||
Total Frontside costs | 186964 | ||||||||
Backside | |||||||||
Estimated renovated sales price | 215000 | ||||||||
Realestate commission | 0.05 | 10750 | |||||||
title fees | 1500 | ||||||||
total fees | 12250 | 12250 | |||||||
total frontside costs | 186964 | ||||||||
Total Earnings | 15786 | ||||||||
ROI | 0.30032 | ||||||||