Wholesale deal - 4622 N. 78th Street Scottsdale, AZ 85251

Wholesale deal - 4622 N. 78th Street Scottsdale, AZ 85251

Super cute find in the Historic District of Villa Monterey.  Close proximity to Old Town Scottsdale, Golf Courses, Fashion Square, Spring Training baseball, the airport, and freeway access.  2bed/2bath with new paint, AC (2011 replaced), water heater (2011 replaced), and roof serviced in Feb 2016.  Needs some updating.  Age restricted community 55 and over.

Wholesale price:  $200,000
Estimated Rehab:  $15,000
Estimated ARV:  $275,000

This is a 50% ROI ... see estimated budget below.  Average days on market are under 30.  See fun disclaimers, pics, and comps below.

First signed contract and $2500 non-refundable earnest money deposit wins.   Close of escrow is on or before 4/25/2016 and buyer to pay all closing costs.

Fun disclaimers, ESTIMATED BUDGET with 50% ROI, Pics, and Comps below:

All Prices based on cash sale with $2,500 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 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:

 

 

Link to listings used in comps:
http://www.flexmls.com/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=17vi2jdfqveu&s=12&cid=1


CMA below.  Pay attention to days on market:


Estimated Budget with 50% ROI:

Property Address
	Purchase Price				200000
		Front side
		Hard Mony loan						160000
		Hard money down payment					40000
		Interest hard money
		- 18% 6month term - 4 months			2400		9600
		Closing costs					1500
		Remodel					15000
		Insurance					700
		APS/Water					700
			Total cash invest				67500	67500
			Total Frontside costs					227500
		Backside
		Estimated renovated sales price						275000
		Realestate commission			0.045		12375
		title fees					1500
			total fees				13875	13875
			total frontside costs					227500
		Total Earnings						33625
		ROI						0.498148