5 Minutes from the airport, close to Arcadia, Scottsdale, Old Town, down town, sports, hiking, and night life.
1615 sq feet built in 1956. 4 bedroom, 2 bathroom. 1/4 acre + corner lot with RV gate and 1 car garage. New AC and New roof. Property is completely empty. Call for viewings.
OPTION 1 Need set: Cosmetic updating, enlarge master suite or add on a second master suite.
Wholesale Price: $245k
Estimated Rehab: $60k
Estimated ARV: $420k+
OPTION 2 Need set: Keep current square footage, cosmetic updates
Wholesale Price: $245k
Estimated Rehab: $30k
Estimated ARV: $329k
OPTION 2 Need set: Keep current square footage, cosmetic updates
Wholesale Price: $245k
Estimated Rehab: $30k
Estimated ARV: $329k
Call me for access. (623)237-2388
First contract and $5k non-refundable deposit to title wins. Buyer to pay all closing costs. GO!
See below for fun disclaimers, link to pics, estimated budget, and comps:
Link to pics: https://www.dropbox.com/sh/entwi6j0ka3573d/AADGKv9Yi2e2VRI3gHBQQu_2a?dl=0
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
Comps OPTION 1:
ESTIMATED BUDGET OPTION 1:
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ESTIMATED BUDGET OPTION 2:
Purchase Price | 245000 | ||||||
Front side | |||||||
Hard Mony loan | 196000 | ||||||
Hard money down payment | 49000 | ||||||
Interest hard money | |||||||
10% 6month term - 4 months | 1960 | 7840 | |||||
Closing costs | 1500 | ||||||
Remodel | 30000 | ||||||
Insurance | 700 | ||||||
APS/Water | 700 | ||||||
Total cash invest | 89740 | 89740 | |||||
Total Frontside costs | 285740 | ||||||
Backside | |||||||
Estimated renovated sales price | 329000 | ||||||
Realestate commission | 0.05 | 16450 | |||||
title fees | 1500 | ||||||
total fees | 17950 | 17950 | |||||
total frontside costs | 285740 | ||||||
Total Earnings | 25310 | ||||||
ROI | 0.282037 |