Property Address: 1316 E Dunbar Dr, Phoenix, AZ 85042
Major Cross Streets: 16th st and Baseline
Purchase Price: $155,000
DESCRIPTION:
Property Type: Single Family
Bedroom/ Bath : 3 BD / 2.5 BA
APN: 114-21-546
Year Built :2003
Taxes: $1516
Living Area: 1680 SqFt
Lot Size: 2898 Sq Ft
Zoning: R-2
HIGHEST & BEST USE :
- Update it and Flip Property
- Update Property and Keep as Cashflowing Property
ARV: $220K
ESTIMATED REPAIRS:$20,000 or less
(update Kitchen and Bathrooms, Flooring, a little dry wall, replace a couple of door, plaster and texture portion of ceiling, paint is optional)
COMPARABLE PROPERTIES:
Property Address: 1339 E DUNBAR DR, Phoenix, AZ 85042
Sq Ft : 1680
Sold Price : $214,000
Sold Date : 8/24/18
Property Address: 1344 E DUNBAR DR, Phoenix, AZ 85042
Sq Ft : 1740
Sold Price : $215,000
Sold Date : 7/30/2018
Property Address :7510 S 13TH PL, Phoenix, AZ 85042
Sq Ft : 1740
Sold Price : $219,900
Sold Date : 4/13/2018
RETURNS:
FIX & FLIP |
Purchase Price | $155,000 |
After-Repair Value | $220,000 |
Initial AcquisitionClosing Costs 1.5% |
Resale Realtor Commissions 6% | $13,200 |
Resale Closing Costs | $3,300 |
Total Closing Costs | $16,500 |
Total Building / Repair Costs | $20,000 |
Total Investment ( Acquisition &Building Costs & Closing Costs ) | $175,000 |
Net Profit | $28,500 |
ROI - ( Fix & Flip ) | 16.3% |
Location Highlights:
- Roosevelt School District 66, CO Greenfield Elementary School, Greenfield Junior High School
- Freeways I - 17, 1 -10
- South Mountain Commercial Center, Arizona Center, Mexican Mall
- Raven Golf Club,Phoenix Sky Harbor International Airport
ACCESS: DO NOT DISTURB TENANTS. NO KNOCKING ON DOORS WALKING ON THEIR LAWN YELLING FROM CARS. PLEASE DO NOT HARASS OR DISRESPECT THEIR PRIVACY IN ANY MANNER WHATSOEVER!!
TERMS:
Earnest Deposit: $5,000 ( Cashier check made out to our title company)
Before Opening Escrow Buyer will be required to confirm the following:
- Reviewed photos and drove area
- Ran all numbers to confirm the deal works
- Provide Cashier's check
Inspection Period: 24 Hour Inspection before earnest deposit becomes non-refundable.
**AS IS Disclosure: Property comes in "AS-IS" condition. Buyer pays all closing costs and escrow fees.**
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Elijah Rubin
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WIIN INVESTMENTS LLC
1137 W Mcdowell Rd
Phoenix, AZ 85007
623-500-6447
[email protected]
http://www.wiinllc.com/