Wholesale Deal - 2301 W Butler Drive, PHX 85021 with 30% ROI

Wholesale Deal - 2301 W Butler Drive, PHX 85021 with 30% ROI

This one is in a fantastic area for fix-n-flip or buy and hold.  4 bedrooms, 2 bathrooms, 1683 sq feet, 6733 sq foot lot, built in 1959.  Homes are selling in less than 30 days in this area.  Same floor plan sold in 20 days at $195k.  There are no active listings in is area to compete right now.  It's a hot market and depending on the rehab, we may be able to push this over the $200k mark.

Wholesale Price:  $139,495
Estimated Rehab:  $25k
Estimated ARV:  $199k

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 more pics:  http://bit.ly/2umHvhl

Comps:

Estimated Budget:

	Purchase Price				139495
		Front side
		Hard Mony loan						111596
		Hard money down payment					27899
		Interest hard money
		10% 6month term - 4 months			1115.96		2231.92
		Closing costs					1500
		Remodel					25000
		Insurance					700
		APS/Water					700
			Total cash invest				58030.92	58030.92
			Total Frontside costs					169626.92
		Backside
		Estimated renovated sales price						199000
		Realestate commission			0.05		9950
		title fees					1500
			total fees				11450	11450
			total frontside costs					169626.92
		Total Earnings						17923.08
		ROI						0.30885397