Wholesale Deal: 1613 W. Culver Street Phx, AZ 85057 - Projected 51% ROI and $90k+ earnings

Wholesale Deal:  1613 W. Culver Street Phx, AZ 85057 - Projected 44% ROI and $90k plus earnings

LOCATION, LOCATION, LOCATION ... Fantastic investment opportunity in the F.Q. Historic District.  3 bedroom, 2 bathroom, one car garage, with GUEST HOUSE or mother-in-law suite in back.  Lot is 6059 square feet, built in 1940, home is 1127 sq feet PLUS 240 sq foot GUEST HOUSE.  Total under roof is 1367.  Multi generational homes are in high demand across the Valley.  Close to all the revitalization efforts, choice dining, downtown night life, freeway access, Banner - University Medical Center Phoenix, Chase Field, and much more.  Two solid options for this property.

Option 1:  Keep same square footage, keep cabinets, change floors, counters, paint inside/outside, upgrade bathrooms, landscape

Options 2:  Bump the square footage by 200-300 square feet, add another master suite, complete modern features, floors, cabinets, upgrade kitchen, upgrade bathrooms.

Wholesale Price:  $250k
Estimated Rehab Option 1:  $30k
Estimated ARV Option 1:  $350k

Estimated Rehab Option 2:  $120k
Estimated ARV Option 2:  $500k

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 cost

Link to pics:
https://www.dropbox.com/sh/3m76kmhkxgv3uwc/AABxjUDfUrcB7vxPNNUgDNcfa?dl=0

Comps:

OPTION 1 Estimated Budget:

Purchase Price				250000
	Front side
	Hard Mony loan						200000
	Hard money down payment					50000
	Interest hard money
	10% 6month term - 4 months			2000		8000
	Closing costs					1500
	Remodel					30000
	Insurance					700
	APS/Water					700
		Total cash invest				90900	90900
		Total Frontside costs					290900
	Backside
	Estimated renovated sales price						350000
	Realestate commission			0.05		17500
	title fees					1500
		total fees				19000	19000
		total frontside costs					290900
	Total Earnings						40100
	ROI						0.441144

OPTION 2 Estimated budget:

Purchase Price				250000
	Front side
	Hard Mony loan						200000
	Hard money down payment					50000
	Interest hard money
	10% 6month term - 4 months			2000		8000
	Closing costs					1500
	Remodel					120000
	Insurance					700
	APS/Water					700
		Total cash invest				180900	180900
		Total Frontside costs					380900
	Backside
	Estimated renovated sales price						500000
	Realestate commission			0.05		25000
	title fees					1500
		total fees				26500	26500
		total frontside costs					380900
	Total Earnings						92600
	ROI						0.511885