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DEAL: Rehab | $82K Proft |
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Category: Big Deals Current Grade: ? Total Views: 1027 Member Comments: 0 |
Posted on: 10/15/2007 Posted by: kdessinger Blog Points: 124 View all blogs >> |
Address is N/A - Deal not under contract.
SRF - 4/3.5/2 - 4,900ftsq
Comments:
The house is nearly 4,900 SqFt and has 4 beds and 3.5 baths. If these numbers look appealing to you and you would like to see the analysis…call me and we will go from there. This should be a good investment for someone as there is new construction in the immediate area along with a number of rehabs. This is easily one of the larger homes in the area so there isn’t much competition as far as that is concerned. $70k should be able to get the job done. Thanks!!
Income: $375,000
ARV: $375,000 (Low comps)
Expenses: $292,486
Purchase Price: $210,000
Closing Costs: $3,212
Holding Costs: $9,274 (2 mos)
Rehab Quote: $70,000
Strategy: Double Close
Rehab Time: 2 Months
Profit: $82,514
Gross margin after financing: $82,514
*Note tax benefits are not added into the potential profits.
If your interested contact me.
SRF - 4/3.5/2 - 4,900ftsq
Comments:
The house is nearly 4,900 SqFt and has 4 beds and 3.5 baths. If these numbers look appealing to you and you would like to see the analysis…call me and we will go from there. This should be a good investment for someone as there is new construction in the immediate area along with a number of rehabs. This is easily one of the larger homes in the area so there isn’t much competition as far as that is concerned. $70k should be able to get the job done. Thanks!!
Income: $375,000
ARV: $375,000 (Low comps)
Expenses: $292,486
Purchase Price: $210,000
Closing Costs: $3,212
Holding Costs: $9,274 (2 mos)
Rehab Quote: $70,000
Strategy: Double Close
Rehab Time: 2 Months
Profit: $82,514
Gross margin after financing: $82,514
*Note tax benefits are not added into the potential profits.
If your interested contact me.
