All cash for 10,500 or Owner Financing for $5,500 down and monthly payments of 450 per month for 3 year term.Description:Dirt Cheap property for sale. Single Family Frame house. 4 bedrooms 1 bathroom. Needs total gut rehab. Potential to profit over 40k for fix and flip investor.The Numbers: (numbers are based upon a 6 months holding)Purchase $10,500Hard Money costs: 5,610Rehab: $63,200Closing costs: 5200 buy and sellHolding costs: 2500Realtor fees: 8,610Resale at: $143,500Total profit: $50,880Rental:Purchase: $10,500Rehab: $45,000Closing costs: 1500Rental 1200 per month: $14,400Expenses utilities insurance, taxes: $4,400Property Management: $1,008Vacancy/Maintenance: $2,160Total Income per year: $6,832Cash on cash return. 13 perecentRepairs:Roofing/repair= 6,000Exterior paint/soffit/fence repair=3,500Replacement windows= 3,500Landscape= 1,000Replace Furnace/Heater/ Water heater=5,500HVAC duct work repair=2,000Plumbing repair=2,000Electrical/ Fixture updates= 3,000Basement lights/ carpet=1,000Interior paint= 2,500Carpet/tile/ refinish of Hardwood floors= 3,500Kitchen= 4,500Appliances=1,200Bathroom= 2,500Drywall/ tape/ bed= 8,000Insulation ceiling/wall=2,000Doors/Hardware/ Trim= 3,500Subfloor/ Stair replacement= 3,000Finish upstairs= 5,000Total Rehab cots $63,200Comparables:327 W. 100th Chicago IL sold 8/30/2013 for $125,0009807 S Green Chicago IL sold 11/12/2013 for $160,1559812 S Union Chicago IL sold 10/8/2013 for $133,50010012 S. Lowe Chicago IL sold 7/30/2013 for $155,900After repaired value $143,500.Act Fast this will be gone Fast. The first one with a signed contract and 2,000 non refundable earnest money gets the deal.Earnest money required 2,000. non refundableProof of funds required for viewing.Please due your own due diligence.Do you know someone that would buy this deal please forward this email we do compensate for referrals!For more fantastic wholesale deals go to
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