This property is located in a very hot city and will not last long. The home is a 3 Bedroom 2 bath with a 2 car garage. The home is approx 1470+ square feet. The home could be Owner carried or leased. Let's go over the Approx numbers
Net Proceeds____$ 719
Owner Carry you take out the P/M of $120 and add a note service for $35 (they collect the monthly $1200). Your Rehab would go down to $10,000 because the new buyer would handle the rest of the work. You also would sell the home on an owner carry for $145,000.
Cost of Home
Owner Carry numbers
Note Service Fee_$ 35
Net Proceeds____$ 804
Sale the home____$145,000
-the cost of home_$110,0000
Profit for Note___$ 35,000
Also on the owner carry you would get 10% down on the note also or $14,500 down from the buyer on the owner carry note.
We have all the services to help you get everything set up. If you need a property manager we have that and note servicing companies also. Call Brett 216-703-5740 Century 21 Premiere and 602-363-6551 EXP Realty and Playa Azul