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ESTIMATED PROFIT POTENTIAL
NO financing.
● $47,200 – Est. profit
● $152,800 – Total investment
●
$2,000 – Seller closing costs
● $6,000 – 3% Realtor comm.
● $200,000 – Sales Price
● $20,000 – Repairs
●
$3,6000 – Buyers closing costs
●
$1,200 – Seller closing costs
●
$120,000 – Purchase price
●
How we estimate
With Hard Money at 14%/3 pts.
● $35,760 – Est. profit
● $164,240 – Total investment
●
$2,000 – Seller closing costs
● $6,000 – 3% Realtor comm.
●
$200,000 – Sales Price
●
$8,120 – 6 months holding
●
$20,000 – Repairs
●
$3,480 – Buyers closing costs
●
$1,160 – Seller closing costs
●
$3,480 – 3 pts to lender
●
$116,000 – 55% ARV financed
●
$120,000 – Purchase price
●
How we estimate
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Hard money
rates, FMV, closing costs, rehab costs, holding costs, realtor
commissions (optional) and sales price may vary. |
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County:
Broward
Adj. Sq Ft: 1,246 total
Sub-Division: Brendale
Heights
Folio: 50-42-08-10-0280
Type: Single Family
Built: 1959
Great 4/2 bread and butter home in quiet residential area West of I-95
and North of Davie Blvd. Front covered patio, concrete driveway,
large lot. 
Kitchen and bathrooms need updating; tile floor; install central
A/C; electrical needs minor updating; interior & exterior
painting; some wood rot and evidence of termites; minor landscaping.
Est. cost of repairs: $15,000
The property is currently occupied. For showing
instructions, call
John Simon on his cell at 754.734.6937 or in the
office.
Helpful Links:
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How we estimate
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Bidding process
investors@hometraders.tv
http://www.hometraders.tv
Tel:
954.316.CASH
Fax: 954.316.6565
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FMV Value: $215,000+
●
Wholesale Price: $120,000
●
54% LTV
●
Close ASAP
● Buyer pays seller closing costs
● Use HomeTraders Title Co.
● Cash or hard money only
●
Bidding process
If you are seeking a hard money
loan, we will provide you with information to obtain one.
CLOSED:
712 SW 24 Ave
4/2, 1,484 sq ft.
Sold 9/12/2007
$221,900
2480 SW 6 Ct
2/1, 1,044 sq ft
Sold 9/05/2007
$219,000
612 SW 24 Ave
3/1,
1,000 sq ft.
Sold 6/29/2007
$200,000
ACTIVES:
528 SW 24 Ave
4/2, 1,097 sq ft.
$270,000
1036 SW 22 Ave
3/2, 1,188 sq ft.
$249,900
608
SW 24 Ave
3/1, 1,311 sq ft.
$229,000
717 SW 22 Ter
3/1, 888 sq ft.
$219,900
740 NW 130 St.
2/1, 821 sq ft.
$219,500
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