$300,000+ profit margin on Palm Springs Fixer Upper | 3500+ SF
OVERVIEW:
The property is over 3500 square feet as is and just needs a facelift cosmetic rehab. It is in the movie colony east neighborhood where upgraded homes go for over $400 a square foot.
Just need to do a simple cosmetic rehab and everything will work out perfectly for you. The property is in decent condition now, but with a solid beautiful rehab it will fetch that top dollar price. With over 13 comparable sales in the area with a $448 per square foot price this property is a lock to fetch over $1,300,000. You could get over $1,400,000 if you do it right.
MONEY BREAKDOWN:
The breakdown of the invested money is as follows:
$760,000 Purchase Price
$140,000 Rehab budget
$10,000 Various Escrow and title costs
$10,000 Holding Costs
$65,000 RE Commissions
$1,300,000 Resale Price
$315,000 NET Profit Margin
You’d be looking to walk away with about $315,000+ profit on this project.
RETURN ON INVESTMENT:
All together you profit $315,000 from your $900,000 investment yielding a 35.00% ROI in less than 6 months or 70.00% Annualized ROI.
We are direct to this deal, my company has it under contract and we are ready to assign it to you. This deal is an am simple as it gets. Look it over and let me know what you think. You can't lose with this one. We won it after multiple cash offers because there were so many people who realized this deal was the real thing! We will need certain assignment paperwork filled out, with proof of funds and EMD in order to transfer this deal to you.
Call Steve at 310-948-8585 or email him directly at [email protected]