Monday, May 22, 2017

Wholesale Deal - 7860 E Camelback Road #306 Scottsdale, AZ 85251


7860 E Camelback Road #306 Scottsdale, AZ 85251

3 bedroom, 2 bath, 2 car garage, 2040 sq ft condo in Scottsdale.  Close to Old Town, Scottsdale Fashion Square, dining, shopping, and entertainment.  Has great bones, shutters, open floor plan, balcony with amazing views, and nice closet space.

Need set:  Simple cosmetic rehab

Wholesale Price:  $265k
Estimated Rehab:  $15k
Estimated ARV:  $335k

Escrow is open please contact me for escrow info.  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:
https://www.dropbox.com/sh/4yssza9gmvk4ivu/AADQNa9JGHA2NKWdxGtDRd-ca?dl=0

Estimated Budget:

Property Address
Purchase Price 265000
Front side
Hard Mony loan  212000
Hard money down payment 53000
Interest hard money 
- 18% 6month term - 4 months 3180 12720
Closing costs 1500
Remodel 15000
Insurance 700
APS/Water 700
Total cash invest 83620 83620
Total Frontside costs 295620
Backside
Estimated renovated sales price 335000
Realestate commission 0.05 16750
title fees 1500
total fees 18250 18250
total frontside costs 295620
Total Earnings 21130
ROI 0.252690744