Wholesale Deal - 1231 W Orchid Phoenix, AZ 85021 - Projected 87% ROI

Wholesale Deal - 1231 W Orchid Phoenix, AZ 85021 - Projected 87% ROI

Wow!  What a great find near Royal Palm Park.  Central corridor near 7th Ave and Dunlap.  Home was build in 1959 and is 1954 square feet with 296 square foot guest house and a diving pool.  Lot size is 17,093.  Homes are selling in 30-60 days.

Need set:  Updating, convert carport to garage, resurface pool

Wholesale Price:     $380,000
Estimated Budget:  $50K
Estimated ARV:      $600,000

First contract and $5k non-refundable deposit to title wins.  Buyer to pay all closing costs.  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. 

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 10-18% 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.

Link to pics:

https://www.dropbox.com/sh/ktvsblvas5bifkg/AAAmHIFRhWiqz3TFZZ5vqAVka?dl=0

Comps:

Estimated Budget:

Purchase Price				380000
	Front side
	Hard Mony loan						304000
	Hard money down payment					76000
	Interest hard money
	10% 6month term - 4 months			3040		12160
	Closing costs					1500
	Remodel					50000
	Insurance					700
	APS/Water					700
		Total cash invest				141060	141060
		Total Frontside costs					445060
	Backside
	Estimated renovated sales price						600000
	Realestate commission			0.05		30000
	title fees					1500
		total fees				31500	31500
		total frontside costs					445060
	Total Earnings						123440
	ROI						0.875089