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Single Family Home Investor Wholesale

$260,000.00 or Ask me


Ad placed  8/17/2017
Item location Hyattsville
Viewed 124 times

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Description

Wholesaling contract for SFH well kept, needs some updates. 1 ½ stories, fairly recent vinyl siding 3 BR/1 BA and a separate shower in another location, LR, DR, KIT, Full unfinished very neat and clean basement. Oil heat with central air conditioning. Located in Historic West Hyattsville - good for property values with no restrictions on renovations. Space to add another full bath and two bedrooms. Then paint and do floors. Other updates as you see fit.
ARV $320,000 to $349,000
Wholesale Price $260,000
Renovations - $20,000 to $22,000
Profit approximately $35,000 to over $40,000 for rehab and flip.
May not meet Hard Money Lenders criteria but why leave this money on the table?
Use Private Lender financing, conventional financing,or Rent – to – Own, etc.
You can increase your profit selling the property “rent-to-own” for two years while you
earn the 24 months of monthly profit over and above your monthly mortgage payment of
Approximately $1900 less approx. $1250 mortgage payment = $650 mo. Profit x 24 months =
$15,600 profit plus the $6000 down payment = $21,6000 profit PLUS profit from Renter’s Purchase
Price $320,000 – your purchase price of $260,000 = $60,000 gross profit plus the $15,600 rental profits + $6,000 down payment = $81,000 profit.

Address

Address 40th Ave area
City West Hyattsville Postal Code 20782

LISTING INFORMATION

Bedrooms 3 Bathrooms 1
Year Built 0 Property Type Single family home
Lot Size Size(Sq. feet) 1120
Roof Type Exterior Type Vinyl siding
Property Taxes 0.00 Garage(in cars) 0

General Features

  • Near shopping
  • Interior Features

  • Basement
  • Central air
  • Laundry room
  • Exterior Features

  • Driveway
  • Fenced yard
  • Included Appliances

  • Dish washer
  • Clothes dryer
  • Clothes washer
  • Refridgerator
  • Range
  • Garbage disposal
  • Photos


    Ad ID:  2013233, User ID: 1753657
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