Wholesale Deal - 6920 E 4th Street #104 Scottsdale, AZ 8525
Trustee sale property. Built in 2002... 1055 sq feet ... 2 bedroom 2 bath condo .... 1 car carport .... 1113 sq foot lot ... $220/mo HOA.
LOCATION, LOCATION, LOCATION - Indian School and 68th Street
Buy and hold property or quick fix and flip. Very active community. Solid value. Estimated budget yields a 46% ROI.
Needset: paint, clean, granite
Wholesale Price: $185k
Estimated Rehab: $8k
Estimated ARV: $245k
Close of escrow on or before 2/21/2017. Buyer pays all closing costs. Closing handled with direct title policy.
Pics - follow link:
Estimated Budget:
Needset: paint, clean, granite
Wholesale Price: $185k
Estimated Rehab: $8k
Estimated ARV: $245k
CASH/HARD MONEY BUYERS ONLY - MUST HAVE PROOF OF FUNDS
Close of escrow on or before 2/21/2017. Buyer pays all closing costs. Closing handled with direct title policy.
See below for fun disclaimers, ESTIMATED budget, and pics:
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:
| Purchase Price | 185000 | ||||||
| Front side | |||||||
| Hard Mony loan | 148000 | ||||||
| Hard money down payment | 37000 | ||||||
| Interest hard money | |||||||
| - 18% 6month term - 4 months | 2220 | 8880 | |||||
| Closing costs | 1500 | ||||||
| Remodel | 8000 | ||||||
| Insurance | 700 | ||||||
| APS/Water | 700 | ||||||
| Total cash invest | 56780 | 56780 | |||||
| Total Frontside costs | 204780 | ||||||
| Backside | |||||||
| Estimated renovated sales price | 245000 | ||||||
| Realestate commission | 0.05 | 12250 | |||||
| title fees | 1500 | ||||||
| total fees | 13750 | 13750 | |||||
| total frontside costs | 204780 | ||||||
| Total Earnings | 26470 | ||||||
| ROI | 0.466185 | ||||||
