504 Oak Lane, Jacksonville, NC, 28540
YOJ Holdings has another solid opportunity to lend on a rehab project in Jacksonville, NC. We will partner with Lou Ellis once again. 504 Oak Lane, Jacksonville, NC, 28540 is a 3 bed / 1 bath home on a generous ¼ acre lot.
Purchase Price: $25K
Repairs: $35K
Conservative ARV: $100K
PP + Repairs / ARV = 61%
It is across the street from another home we are listing in the next few days, 509 Oak, which will list for $104,900, being 200sf larger. As usual, the scope of work will include all new flooring, kitchen, bathroom, doors, windows, roofing, HVAC, and on this home, extensive plumbing and electrical work is anticipated.
For this property EAC has negotiated a return of 2% per month on a total of $60,000 in purchase and construction funding. Total hold time for this property is proposed to be 4 months. In order to protect the privacy of our investors, EAC LP will create a trust for pooling funds, manage the construction and, as always, Dr. Kevin Yoo will personally guarantee the investors’ principal. For these services and guarantee, EAC will earn a portion of the profits on the home directly from Lou Ellis. Our investors retain the entire 2% per month return.
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Kevin Yoo, M.D. | President
EAC GP, Inc.
858-449-9847
www.eacinvestments.com
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