5444 W Gardenia Ave, Glendale, AZ 85301
Located in the Catlin Historic district in downtown Glendale. 3 bed room, 3 bathroom, 2088 sq ft, built in 1949, sits on North/south 6456 sq ft lot.
Wholesale price - $140k
Estimated rehab - $20k
Estimated ARV - $210k
Buyer pays closing. Scheduled to close on or before 10/13.
Call me for access. (623)237-2388
First contract and $5k non-refundable deposit to title wins. Buyer to pay all closing costs. GO!
See below for fun disclaimers, link to pics, estimated budget, and comps:
PICS:
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 costs
Comps:
Estimated Budget:
| Purchase Price | 140000 | ||||||
| Front side | |||||||
| Hard Mony loan | 112000 | ||||||
| Hard money down payment | 28000 | ||||||
| Interest hard money | |||||||
| 10% 6month term - 4 months | 1120 | 4480 | |||||
| Closing costs | 1500 | ||||||
| Remodel | 20000 | ||||||
| Insurance | 700 | ||||||
| APS/Water | 700 | ||||||
| Total cash invest | 55380 | 55380 | |||||
| Total Frontside costs | 167380 | ||||||
| Backside | |||||||
| Estimated renovated sales price | 210000 | ||||||
| Realestate commission | 0.05 | 10500 | |||||
| title fees | 1500 | ||||||
| total fees | 12000 | 12000 | |||||
| total frontside costs | 167380 | ||||||
| Total Earnings | 30620 | ||||||
| ROI | 0.552907 | ||||||
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