Fantastic flip opportunity in Scottsdale. Nestled in a quite Paradise Valley neighborhood, close to Paradise Valley Mall, shopping, dining, and freeway access.
3 bedroom, 2 bath, vacant, 2074 square feet, built 1978, 2 car garage, 10k+ lot size, POOL, and basketball hoop.
Wholesale Price: $340k
Estimated Rehab: $30k
Estimated ARV: $460k
First contract and $5k non-refundable deposit to title wins. GO!
See below for fun disclaimers, ESTIMATED budget, pics, and comps:
Fun disclaimers:
Pics:
Comps:
Estimated Budget:
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:
Comps:
Estimated Budget:
Purchase Price | 340000 | |||||||
Front side | ||||||||
Hard Mony loan | 272000 | |||||||
Hard money down payment | 68000 | |||||||
Interest hard money | ||||||||
- 18% 6month term - 4 months | 4080 | 16320 | ||||||
Closing costs | 1500 | |||||||
Remodel | 30000 | |||||||
Insurance | 700 | |||||||
APS/Water | 700 | |||||||
Total cash invest | 117220 | 117220 | ||||||
Total Frontside costs | 389220 | |||||||
Backside | ||||||||
Estimated renovated sales price | 460000 | |||||||
Realestate commission | 0.05 | 23000 | ||||||
title fees | 1500 | |||||||
total fees | 24500 | 24500 | ||||||
total frontside costs | 389220 | |||||||
Total Earnings | 46280 | |||||||
ROI | 0.394813172 |