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/
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 | |||||||