Wholesale Deal - 3913 W. Maricopa Phx, AZ 85009 - Estimated 43% ROI

Super cute 576 sq foot, 2 bed, 1 bath close to the airport and downtown entertainment.  Has great bones and a pad to add extra square footage.  Nearly 7000 sq foot lot, built in 1948.

Needset:
Add on master suite and covered patio
Minor interior touches - paint, clean, floors

Wholesale Price:   $75k
Estimated Rehab:  $25k
Estimated ARV:    $135k

Escrow is open a First American Title, Geri Fortune is Escrow officer (623)537-1608.  First contract and $5k non-refundable deposit to title wins.  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. 

eIMPORTANT 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:

https://www.dropbox.com/sh/rf4b6ihsvugm8e5/AAAjouRgdtnx-R0VztRJNYoSa?dl=0

Comps:

Estimated Budget:

	Purchase Price				75000
		Front side
		Hard Mony loan						60000
		Hard money down payment					15000
		Interest hard money
		- 18% 6month term - 4 months			900		3600
		Closing costs					1500
		Remodel					25000
		Insurance					700
		APS/Water					700
			Total cash invest				46500	46500
			Total Frontside costs					106500
		Backside
		Estimated renovated sales price						135000
		Realestate commission			0.05		6750
		title fees					1500
			total fees				8250	8250
			total frontside costs					106500
		Total Earnings						20250
		ROI						0.435484