Austin Texas - 29% ROI - $1.5M ARV - GAP Lender(s) wanted

[Michael E.]

Austin TX - ARV $1.5M - Property is on 1/2 acre hillside in the exclusive WESTLAKE HIGHLANDS ! All the plans and design work are under way for a sustainable "GREEN" rehab/upgrade -Complete with Solar, Water reclamation, Windows, HVAC and a pool. 3 Levels of decks will be rebuilt from steel with spiral staircases. A total of 1500 SF will be added to the home. This is a 8-9 month project. Most of the design, measurements and estimates have been completed so this project is ready to take off right after closing on 3/21/16. It should be completed and on the market well inside the timeline included in the budget. Here are the numbers:
$635      PP
$467      REHAB
$1.5M    ARV (conservative)
$77,500 Gap Lender Profit
29.3% ROI
39%       AROI
$264K    GAP funds needed
Note: ARV is based on sold comps that are NOT integrated with "GREEN" Technology. The ARV could be as high as $1.75-2 million. The appraisal report available Thursday 3/10.  We will be happy to take on multiple investors with a minimum investment of $25K. If you are interested and want more information call 214-649-6536 or email  [email protected]