NLR SFR wholesale or HM or JV Partner wanted for flip 30k equity

[JaMarcus Joseph]

I have a SFR built in 1969 a B class neighborhood North Little Rock near Camp Robinson under contract. The neighborhood is mixed homeowner and renters. It's 3/1.5 with a fireplace, large living room, decent kitchen, fenced backyard, screened in covered patio, and a shed in the back. The property is in excellent shape. It was owned by a bowling alley mechanic who has passed away. The house is an estate sale. Today, we passed foundation inspection with no active settling visible. The house is structurally sound. My contractor partner thinks the house is a basic deep cleaning, carpet, and paint job with a few fixture updates.

The school system isn't the best right now because Pulaski County neglected the local schools for other projects in other areas. According to a teacher/coworker and local radio, the school district is actively fighting to correct its mistakes. As long as quality investors provide quality housing, the neighborhood should improve rather than decline over the long term. It has a rental rate range of $850-925. Recently sold low comp says ARV is $89,000. High comp says ARV is $94,000. Currently listed high comp puts ARV at $100,000. Anyways, here are the numbers.

Flip

Purchase Price $55000

ARV $94149

Estimated Rehab Cost $5000

Estimated Hold Time(in month) 3

Total Purchase Costs   $1375

Total Cost to acquire and rehab

$ 62,547

1.6%	Closing Costs at time of sale	$ 1,506
Staging / Concessions	$ -
6.0%	Commissions	$ 5,649
Total Selling Costs	$ 7,155
Gross Flip Profit	$ 24,446

5%	Investor Payout	$ 9,382
Net Flip Profit	$ 15,064
45%	Payout to Partner 1	$ 6,779
45%	Payout to Partner 2	$ 6,779
10%	Fix & Flip Reserves	$ 1,506
Cash on Cash return JV Partner	25.84%

Thanks for looking.Flip Spreadsheet