Help Understanding Sub To Deal

[Moises Millan]

Hi Guys, my name ins Moises, so far I have been a Private Lender but I want to be more active in the Real Estate Business. A wholesaler is offering me a deal, is a Sub To deal and it is very difficult to me to understand and calculate the return on Investment. The property is Two Story Condo located in Texas. The ARV Price is $130,000. Needs like $5,000 in Repairs. The wholesaler said the owner is late in payments so the reinstatement is $31,000 and the owner wants at least $5,000 to help with relocation. The Wholesaler is asking $5,000 the current Loan Balance is $64,000. The monthly Loan Payments are $850 and the HOA fees are $370 monthly. Can someone explain how this deal work? How can I calculate the ROI? Thank you guys.