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February 28, 2008


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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

Hard money
rates, FMV, closing costs, rehab costs, holding costs, realtor
commissions (optional) and sales price may vary.


708 SW 22 Ave.
Fort Lauderdale, FL 33312

Wholesale Price: $120,000
Est. Profit - $35,760 to $47,200


Property Details
County
:
Broward
Adj. Sq Ft: 1,246 total
Sub-Division: Brendale
Heights
Folio: 50-42-08-10-0280
Type
: Single Family
Built: 1959
Description
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. Repairs
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: $15,000Viewing Instructions
The property is currently occupied. For showing
instructions, call
John Simon on his cell at 754.734.6937 or in the
office.

Helpful Links:


How we estimate


Bidding process

investors@hometraders.tv


http://www.hometraders.tv

Tel:
954.316.CASH
Fax: 954.316.6565

Value


FMV Value
: $215,000+

Wholesale Price: $120,000

54% LTV
Terms

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.


Comparables

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

Copyright 2008 Real Estate Radio USA LLC
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