Wholesale Deal - 4819 W. Mountain View Road, Glendale AZ 85302 - 32%ROI

Wholesale Deal - 4819 W. Mountain View Road, Glendale AZ 85302

Pre foreclosure deal - 4 bed, 2 bath with a pool.  Pool was redone with Pebbletech in 2009.  1864 square feet.  Lot size is 7924.

Lease back in place until 4/28/17 with a $20k hold back until seller moves out.

Need set:  Carpet, paint, counters, clean

Wholesale Price:  $195k
Estimated rehab:  $20k
Estimated ARV:  $265k

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/vd5uqrjwrv4ybo9/AACzOsPJKTw-Z6F44AeMKHu8a?dl=0

COMPS:

 Estimated Budget:

Purchase Price				195000
	Front side
	Hard Mony loan						156000
	Hard money down payment					39000
	Interest hard money
	- 18% 6month term - 4 months			2340		9360
	Closing costs					1500
	Remodel					20000
	Insurance					700
	APS/Water					700
		Total cash invest				71260	71260
		Total Frontside costs					227260
	Backside
	Estimated renovated sales price						265000
	Realestate commission			0.05		13250
	title fees					1500
		total fees				14750	14750
		total frontside costs					227260
	Total Earnings						22990
	ROI						0.322621