Carmichael - 20% ROI, $615k Purchase, $990k Resell

[Megan Krekorian]

*** 20% ROI Carmichael Deal! ***

$615,000 Purchase Price
$132,320 Rehab: ($40 x 3,308sqft)
$ 89,700 Holding & Sales Costs: 6 Months
$990,000 ARV: ($299.27 x 3,308sqft)
$152,980 Potential Net Profit
20.47% Cash On Cash ROI

Comps selling for $282-346/sqft.

Property Details:
   • Pool
   • Basement Wine Cellar
   • End of street privacy, no direct neighbors.
   • Next door neighbor is a 9,600 sqft mansion.

This well-kept and loved home is all original 70’s but has a 2 Year-old AC unit and all double-pane windows. We have not found any damage and it did have a recent pest inspection. Our appraiser walked it and felt the comps were solid. It just needs a modern face-lift to fetch top dollar.

Contact Creative Cornerstone Group for more info and showings:

[email protected]

Email us and we will send a dropbox link with: 

• Pictures, 
• Property Details, 
• CMA,
• Map Report, 
• Full Comps Report, 
• & 3 Up Report

Contact Creative Cornerstone Group for more info and showings:

[email protected]