Fantastic flip or buy and hold opportunity in Maryvale.
5 bedroom, 3 bath, with mother-in-law suite attached. Mother-in-law suite has it own Family room, bathroom, kitchen, and bedroom. Home is 2338 sq ft, lot size is 9512 sq ft, built in 1960.
Wholesale Price: $145k
Estimated Rehab: $25k
Estimated ARV: $200k
Escrow is open a First American Title, Geri Fortune is Escrow officer (623)537-1608. First contract and $5k non-refundable deposit to title wins. GO!
See below for fun disclaimers, ESTIMATED budget, pics, and comps:
Fun disclaimers:
All Prices based on cash sale with $5k non-refundable deposit to secure property.
eIMPORTANT 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 link:
https://www.dropbox.com/sh/y0nuhway6gsv5ql/AAB8qXeup7t50QyjgdNMh5h4a?dl=0
Comps:
Estimated Budget:
Purchase Price | 145000 | |||||||
Front side | ||||||||
Hard Mony loan | 116000 | |||||||
Hard money down payment | 29000 | |||||||
Interest hard money | ||||||||
- 18% 6month term - 4 months | 1740 | 6960 | ||||||
Closing costs | 1500 | |||||||
Remodel | 25000 | |||||||
Insurance | 700 | |||||||
APS/Water | 700 | |||||||
Total cash invest | 63860 | 63860 | ||||||
Total Frontside costs | 179860 | |||||||
Backside | ||||||||
Estimated renovated sales price | 200000 | |||||||
Realestate commission | 0.05 | 10000 | ||||||
title fees | 1500 | |||||||
total fees | 11500 | 11500 | ||||||
total frontside costs | 179860 | |||||||
Total Earnings | 8640 | |||||||
ROI | 0.135296 | |||||||