4 New Wholesale Deals Phoenix!! Great buy & Hold Opportunities!!!
Featured Property #1: Great 2 Story Home in Phoenix
9027 W Coolidge St., Phoenix 85037
Price: $97.5k
Cross-streets: 91st Ave & Camelback Rd
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Features/Amenities:
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Access - Occupied - Do Not Disturb Tenants - Call or email for access
Featured Property #2: Great Buy & Hold Opportunity in Glendale7334 W Oregon Ave., Glendale 85303
Price: $104.8k
Cross-streets: 75th Ave & Camelback Rd
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Features/Amenities:
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Access - Vacant - Call or email for access
Featured Property #3: Rental Investment on a Large Lot in Phoenix1234 N 35th St., Phoenix 85008
Price: $97k Cash/Hard Money OR
$110k Purchase Price with $10k Down Payment
7% Interest Only Pmnts ($583/Mo Pmnt)
24 Month Balloon Payment
Cross-streets: 32nd St & McDowell
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Features/Amenities:
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Repairs: Some doors, windows, landscaping, Swamp coolers are good, Roof doesn't appear to have any leaks, water heaters are 2 and half years old
Number Breakdown:
$1,750/month rent X 12 months = $21,000
$21,000/annual rent x 35% (Taxes, Insurance, Water, Gas, Maintenance, Vacancies) = $7,350
$21,000 - $7,350 = $13,650 Net Income
$13,650 / $90,000 = 15% Cap Cash on Cash Return for Term Deal:
10k Down Payment
13,650 Net Income - 6,996 Payment @ 7% Interest Only
= 6,654 / 10,000 Down Payment = 66% Cash on Cash Return! Access - Occupied - TENANT RIGHTS - DO NOT DISTURB TENANTS - Call or email for access Featured Property #4: Cheapest Home in Phoenix! Under $15k
506 E Mohave St., Phoenix 85004
Price: $18.5k
Cross-streets: 7th St & Mohave
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Repairs: Needs Full Rehab or Tear Down
Access - Vacant - Call or email for access
Property #5: Get 12% Cap Rate with 3/1 House and Two 2/1 UnitsPrice Reduction
10618 N 18th Ave., Phoenix 85029
Price: $125k CAP RATE: 12% (see Cap Rate Analyzer Link below)
Cross-streets: 19th Ave & Peoria Ave
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Rental Strategy: Clean up and Rent
Offering