3bed, 2 bath 1485 sq ft Brick Single Family Home; Built in 1936; ARV $170,000; $10,000 Cosmetic Repair/Clean Up’ Assign Contract For $105,000; $1244/month rent-; Over $36,000 in Profit Potential after all holding costs and expenses for fix and flip; $65,000 equity if buy and hold (see detail below)
3 Br 2 Bath Brick 1485 sq ft SFH
3 br , 2 bath 1485 Brick Single Family Home Built 1936;
Assignment Price: $105,000 CASH AS IS
After Repaired Value: $170,000
Monthly Rent Possible $1244
Less Closing Costs @7%: $11,900
Estimated Project Time 2 months
Less Repairs: $10000-cosmetic and upgrade
Holding Costs 4% :$6800
Contract Price: $105,000
Potential Equity (if buy and hold: $65,000)
Potential Profit: (if buy and sell: $36,300
Offer Requirements:
Take over Contract at $105,000
CASH BUYER (No financing)
$5,000 Earnest Money
Verifiable Proof of Funds and Verification of Deposit (Redacted Bank or Brokerage Statement Only)
14 Day Close
All deals cash or hard money only. I like to work with everyone which usually means if you’re making money I’m making money…If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract with the seller of the property. I have a real estate license but am NOT acting as a realtor in this deal. All properties require cash or a private/hard money loan in order to purchase – no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing is an assignment of our contract with the seller to the end buyer.
ASSIGNMENT CONTRACTS ARE NON-ASSIGNABLE
To receive Assignment Agreement to purchase: send name, cell phone number, email to:
Kevin Pritchett, Esq
Head of Dispositions
Thor Capital Holdings, LLC
kevin@thorcapitalholdings.com
312-505-1957