Wholesale deal - 9820 N. 50th DR, Glendale, AZ 85302
ESTIMATED 40% ROI
3 bedroom, 2 bath, 1745 sq ft, 2 car garage on over sized lot. Split floor plan that was remodeled in 2010. Has newer roof and newer AC. Easy rehab. Tile flooring and cabinets are usable.
Need set: Cosmetic - paint, counters, carpet, tidy landscape
Wholesale Price: $163,500
Estimated Rehab: $10,000
Estimated ARV: $218,000
DO NOT DISTURB OCCUPANTS. Need to set appointment to view.
CASH/HARD MONEY BUYERS ONLY - MUST HAVE PROOF OF FUNDS
Close of escrow on or before 11/28/2016. First signed contract and $5000 non-refundable deposit to title wins. Buyer pays all closing costs. .
See below for fun disclaimers, ESTIMATED budget, pics, and comps and link to 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 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:
Comps:
Estimated Budget:
| Property Address | ||||||||
| Purchase Price | 163500 | |||||||
| Front side | ||||||||
| Hard Mony loan | 130800 | |||||||
| Hard money down payment | 32700 | |||||||
| Interest hard money | ||||||||
| - 18% 6month term - 4 months | 1962 | 7848 | ||||||
| Closing costs | 1500 | |||||||
| Remodel | 10000 | |||||||
| Insurance | 700 | |||||||
| APS/Water | 700 | |||||||
| Total cash invest | 53448 | 53448 | ||||||
| Total Frontside costs | 184248 | |||||||
| Backside | ||||||||
| Estimated renovated sales price | 218000 | |||||||
| Realestate commission | 0.05 | 10900 | ||||||
| title fees | 1500 | |||||||
| total fees | 12400 | 12400 | ||||||
| total frontside costs | 184248 | |||||||
| Total Earnings | 21352 | |||||||
| ROI | 0.399491 | |||||||




















