You can earn $3,000 right now! This is the perfect opportunity for new investors to get their feet wet and build build a buyers list at the same time!
All you have to do is find a CASH buyer for the following flip deal:
Single Family Home
4 bedrooms
3 bathrooms
3,921 sqft
Built in 1994
Exterior Features - Large scenic lot with excellent curb appeal, 3 car attached garage with heated driveway, solid stucco exterior, newer roof - 30 yr architectural shingles, newer windows, newer wxterior paint, and a separate building that is currently being used as a sports room, but could be finished out into a guest house, office, or second living area.
Interior Features - Large open floor-plan with plenty of room to roam! This home was built in the mid 90's so the finishes will need to be updated for maximum profit. All of the bedrooms are nice sized including a large master with attached bathroom and walk-in closet.
Additional Features - Vaulted ceilings, sky-lights, and in ground sprinkler system.
Mechanical Features - All of the mechanical systems are less than 10 years old and in good working order (may need some minor repairs).
Now let's get to the numbers!
ARV: $450,000
List Price: $275,000
Closing Costs @ 1%: $2,750 (average)
Rehab Costs: $50,000 (high end) TOTAL PURCHASE COSTS: $327,750
Utilities for 6 months: $1,000 (high end)
Taxes for 6 months: $3,000 (high end)
Insurance for 6 months: $1,000 (high end) TOTAL HOLDING COSTS: $5,000
Realtor @ 6% of ARV: $27,000
Closing Costs @ 1% of ARV: $4,500 TOTAL SELLING COSTS: $31,500
Summary:
Total purchase costs: $327,750 (high end)
Total holding costs: $5,000 (high end)
Sale price: $450,000
Total selling costs: $31,500
TOTAL PROFIT: $85,750
ROI: 25.77%
PM me for more details! I am only giving the address, comps, and pics out to serious buyers or wholesalers.
You can earn $3,000 right now! This is the perfect opportunity for new investors to get their feet wet and build build a buyers list at the same time!
All you have to do is find a CASH buyer for the following flip deal:
Single Family Home
4 bedrooms
3 bathrooms
3,921 sqft
Built in 1994
Exterior Features - Large scenic lot with excellent curb appeal, 3 car attached garage with heated driveway, solid stucco exterior, newer roof - 30 yr architectural shingles, newer windows, newer wxterior paint, and a separate building that is currently being used as a sports room, but could be finished out into a guest house, office, or second living area.
Interior Features - Large open floor-plan with plenty of room to roam! This home was built in the mid 90's so the finishes will need to be updated for maximum profit. All of the bedrooms are nice sized including a large master with attached bathroom and walk-in closet.
Additional Features - Vaulted ceilings, sky-lights, and in ground sprinkler system.
Mechanical Features - All of the mechanical systems are less than 10 years old and in good working order (may need some minor repairs).
Now let's get to the numbers!
ARV: $450,000
List Price: $275,000
Closing Costs @ 1%: $2,750 (average)
Rehab Costs: $50,000 (high end)
TOTAL PURCHASE COSTS: $327,750
Utilities for 6 months: $1,000 (high end)
Taxes for 6 months: $3,000 (high end)
Insurance for 6 months: $1,000 (high end)
TOTAL HOLDING COSTS: $5,000
Realtor @ 6% of ARV: $27,000
Closing Costs @ 1% of ARV: $4,500
TOTAL SELLING COSTS: $31,500
Summary:
Total purchase costs: $327,750 (high end)
Total holding costs: $5,000 (high end)
Sale price: $450,000
Total selling costs: $31,500
TOTAL PROFIT: $85,750
ROI: 25.77%
PM me for more details! I am only giving the address, comps, and pics out to serious buyers or wholesalers.
Dominic
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