Wholesale deal - 4311 E. Earll Phx

Executive Summary:

4311 E. Earll is sitting in the Arcadia light area in the heart of the most desirable school district and just outside the Camelback corridor. This is one of the hottest markets in Phoenix and buyers are looking for modern move in ready homes.

The game plan is to open up the main floor plan, adding 800 square feet to the Master Suite and a 2 car garage. We have done all the heavy lifting. The plans have been approved by the City and are ready for pick up, and the house has been demolished. Potential for $100k profit!  See comps below.

Financial Details

Wholesale Price: $325,000

Rehab Budget: $180,000 (Contractor bid and plans available upon request)

Estimated After Rehab Value: $625,000 - $635,000

Property Details

Property Address:  4311 E. Earll, Phoenix, AZ

Square Footage: 2,086, expanded to 2,800

Lot Size: 9,827

Built: 1951

Bedroom: 4

Bathroom: 2.75

 

4343 E Marion Way Phx 85018

Wholesale deal of the day

4343 E. Marion Way Phoenix AZ 85018
1300 sq foot 2 bedroom, 1 bathroom, block home with pool on 13,000 sq foot corner lot.  Sits at the base of Camelback mountain. 

The value for this property is through an addition.  Approximately $200k investment to add 1200 sq feet including a kitchen and master suite.  Financing available - see below.

Whole sale price $399k
Rehab $200k
ARV - $700k-$860k

Financing terms:
One loan - 20% down on wholesale price of $399k.  We will fund 80% of the rehab cost at 13.99% and 1 point loan origination fee.  Rehab funding will be on draw schedule.  Example:  $400k purchase price with $200k rehab would equate to $320k plus $160k for a total loan amount of $480k and a loan origination fee of $4800. Total down would be $80k. Need POF and experience flipping. 

Contact me with questions.

Travis Smith (623)237-2388