4131 E. Granada Rd. Phoenix, AZ. Ralph Haver house. 1778 sq ft, 3 bedroom, 2 bathroom, block house, diving pool, built in 1957. Lot is 7728 sq feet. Needs cosmetic updates. Partially demo’ed, all materials/trash has been cleaned out, and pool is drained. Ready for rehab.
Wholesale price - $265k
Estimated rehab - $50k
Estimated ARV - $425k
Buyer pays all closing costs. First $5k non refundable deposit and contract to title wins.
See link below for pics, comps, estimated budget and fun disclaimers:
All Prices based on cash sale with $5k 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 10-18% 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
Comps:
4727 E Virginia Ave closed @ $425k • 4208 E Wilshire Dr closed @ $427,500 • 4708 E Cambridge Ave pending @ $425k
Pics:
https://www.dropbox.com/sh/ rr6fcfokne1is38/ AAB9HOsKosMCEzVGaDzZuzr9a?dl=0
Purchase Price | 265000 | ||||||
Front side | |||||||
Hard Mony loan | 212000 | ||||||
Hard money down payment | 53000 | ||||||
Interest hard money | |||||||
10% 6month term - 4 months | 2120 | 8480 | |||||
Closing costs | 1500 | ||||||
Remodel | 50000 | ||||||
Insurance | 700 | ||||||
APS/Water | 700 | ||||||
Total cash invest | 114380 | 114380 | |||||
Total Frontside costs | 326380 | ||||||
Backside | |||||||
Estimated renovated sales price | 425000 | ||||||
Realestate commission | 0.05 | 21250 | |||||
title fees | 1500 | ||||||
total fees | 22750 | 22750 | |||||
total frontside costs | 326380 | ||||||
Total Earnings | 75870 | ||||||
ROI | 0.663315 |