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Updated about 10 years ago on . Most recent reply

User Stats

413
Posts
72
Votes
Isaac Moore
  • Wholesaler
  • Scottsdale, AZ
72
Votes |
413
Posts

4 New Wholesale Deals Phoenix!! Great buy & Hold Opportunities!!!

Isaac Moore
  • Wholesaler
  • Scottsdale, AZ
Posted

Featured Property #1: Great 2 Story Home in Phoenix

9027 W Coolidge St., Phoenix 85037
Price: $97.5k

Cross-streets: 91st Ave & Camelback Rd
  • 3/2.5/2cg
  • 1,422 s.f.
  • Lot = 6,399 s.f.
  • Built 1983
  • APN: 102-83-178
  • Taxes: $745/2014
Features/Amenities:
  • Vaulted Ceilings
  • Near Shopping, Dining and Schools
  • 1 Block from the University of Phoenix Stadium
Deal Structure - Traditional Sale, Off-Market. $3k Non-Refundable Earnest Money to secure

Access - Occupied - Do Not Disturb Tenants - Call or email for access

Featured Property #2: Great Buy & Hold Opportunity in Glendale

7334 W Oregon Ave., Glendale 85303
Price: $104.8k

Cross-streets: 75th Ave & Camelback Rd
  • 2/2
  • 1,200 s.f.
  • Lot = 6,647 s.f.
  • Built 1984
  • APN: 144-22-294
  • Taxes: $699/2014
Features/Amenities:
  • Great Buy & Hold Opportunity
  • Spacious Open Floor-Plan
  • Vaulted Ceilings
  • Large Bedrooms
  • Cavered Patio
  • Pool
  • RV Gate
Deal Structure - Traditional Sale, Off-Market. $3k Non-Refundable Earnest Money to secure

Access - Vacant - Call or email for access

Featured Property #3: Rental Investment on a Large Lot in Phoenix

1234 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
  • 1-3/1; 1-Studio (Attached); 1-2/1 Detached
  • Lot = 11,110 s.f.
  • Built 1941
  • APN: 121-03-020-B
  • Taxes: $480/2014
Features/Amenities:
  • Great Buy & Hold Opportunity
  • Large Lot
  • Parking availale
  • Storage Shed
  • 1 renter on lease till Jan 2016 : the other two units are month 2 month
  • Owner pays Water, Electricity and Trash : On Gas Meter and Only Window AC no Central AC
  • 3bd / 1ba = $850 + rental tax
  • 1bd / 1ba = $500 + rental tax
  • Studio = $400 + rental tax
  • Gross income : $1,750/month
Deal Structure - Traditional Sale, Off-Market. $3k Non-Refundable Earnest Money to secure

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
  • 2/1
  • 988 s.f.
  • Lot = 6,333 s.f.
  • Built 1940
  • APN: 112-40-047
  • Taxes: $239/2014
Features/Amenities:
  • Great Investor Project Opportunity
  • Smaller Lots down the street going for $30k!
Deal Structure - Traditional Sale, Off-Market. $3k Non-Refundable Earnest Money to secure

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 Units
Price Reduction

10618 N 18th Ave., Phoenix 85029
Price: $125k CAP RATE: 12% (see Cap Rate Analyzer Link below)

Cross-streets: 19th Ave & Peoria Ave
  • 3/1 Main House + Two 2/1 apartments
  • 1152 s.f. Main House + Two ~600sf apartments
  • Lot = 7,197 s.f.
  • Built 1985
  • APN: 159-13-048
  • Taxes: $765/2014
Features/Amenities:
  • Mountain Views
  • Nice Street
  • A/C on both Buildings
  • Mature Landscaping
  • Great Income Potential!
  • ReFi with Conventional Financing
Deal Structure - Traditional Sale, Off-Market. $3k Non-Refundable Earnest Money to secure

Rental Strategy: Clean up and Rent
Offering

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