Property Description:
Property is currently under contract (Assignment Ready), Subject -To Loan Assumption Need to Close asap, so cash buyer. Loan payoff statement is ready for closing and good through next week.
Initial Investment
$32,000 Cash to Seller
$34000 Loan Reinstatement
$8,000 Assignment Fee
$74,000 Total Capital Investment at closing
Equity Reversion (Resale Profit)
$585,000 ARV Estimate Conservative
$400,000 Loan Payoff
$10,000 Rehab (living area paint, 3 doors, 1 window)
$74,000 Initial Capital Investment
$11,400 Holding cost (mortgage, taxes, insu)
$5000 Broker Fees
$84,600 Profit ROI 83%
These are estimates please due your due diligence when considering an investment.