REO in Northside Westcliff Ave Richmond, VA 23222

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Claud Gardner
5 years ago
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1 REO in Northside Richmond, VA 3 TO INSERT PIC HERE, CLICK WITH YOUR MOUSE INSIDE THIS BOX, THEN CLICK THE "INSERT PICS" BUTTON ON THE RIGHT AND SELECT THE PICTURE All-brick cape in a great location! Located in close proximity to highways, downtown, and VCU/MCV Campuses. Well-taken care of property with vinyl windows, hardwoods, fenced yard. Property needs HVAC and cosmetic improvements. Opportunity for lender to earn a great rate of return, secured by a solid, well-located property, at a low "loan-to-value". Exclusively Presented By: 30 Pump Rd #169 Richmond, VA xxxx

2 Opportunity to Lend on a Solid, Low LTV% Deal! Property Street Address: Property City, State, Zip: Bedrooms: Baths: Square Feet: Year Built: Richmond, VA Presented By: xxxx Property Description: All-brick house in great shape! Previous owners took good care of this one. Fenced yard, tankless gas water heater, hardwood floors, full baths. Project Notes: Amount of short-term loan required equals 63% of projected "after-repair value" of the property, providing the private lender with a lot of cushion. Recent comps indicate a likely sale in the $130k-$135k range. Private lender will get 1st deed of trust on the property and be paid off at the time of sale. (#s below assume a 9% interest rate to lender). PURCHASE/REHAB ASSUMPTIONS PROJECTED RESULTS % of ARV Projected Resale Price 130, After-Repair Value (ARV) Purchase Price Rehab Cost Total Holding and Closing Costs Total Financing Costs Total Project Cost Basis Total Amount Financed 10, , , , , , , , % 0% 3% 3% 66% Projected Cost of Sale Flip Profit ROI Annualized ROI Timeline Assumptions: Time to Complete Rehab: Time to Complete Sale: Total Time: 9, , % 1587% Months Months 6 Months All-brick structure! bedrooms, full baths! Hardwood floors Fenced yard with swing set! Call me if you want to lock up this great deal! Won't last!

3 REO in Northside Richmond, VA 3 PROJECT CASH FLOW REPORT xxxx Month Purchase (57,000) Closing Costs (1,500) Origination/Discount Points Holding Costs (360) (360) (360) (360) (360) (360) Rehab Draws/Expenses (13,750) (13,750) Interest (Paid or Accrued) (3,699) Total Spent in Period (58,500) (1,110) (1,110) (360) (360) (360) (,059) Cumulative Cost Basis (58,500) (7,610) (86,70) (87,080) (87,0) (87,800) (91,859) Sale Price 130,000 Selling Costs (9,100) Flip Profit (Pre-Tax) 9,01 3,660 Return on Cash Investment 1587% Holding Costs Rehab Draws/Expenses Interest (Paid or Accrued) Total Spent in Period Cumulative Cost Basis Sale Price Selling Costs Flip Profit (Pre-Tax) Return on Cash Investment Month Holding Costs Rehab Draws/Expenses Interest (Paid or Accrued) Total Spent in Period Cumulative Cost Basis Sale Price Selling Costs Flip Profit (Pre-Tax) Return on Cash Investment Month

4 Comparable Sales Report For Property Street Address: Property City, State, Zip: Bedrooms: Baths: Square Feet: Year Built: Address 808 Chamberlay Ave Main St Grace St North Ave 1605 Cliff Ave 905 nd Ave 311 th Ave 151 Northside Ave Richmond, VA 3 Presented By: xxxx Beds Baths Sq Ft Date Sold /1/011 /15/011 //011 /1/011 /15/011 /9/011 1/7/011 1/15/011 Sales Price $156,000 $1,000 $17,000 $10,000 $168,000 $17,000 $168,000 $11,000 Notes: Good Condition Decent Shape Partial Reno Ok Shape Pics" button to select a picture to insert. If no pic is available, then click inside this box and hit "delete" to delete this text. Comp 1 Comp Pics" button to select a picture to insert. If no pic is available, then click inside this box and hit "delete" to delete this text. Comp 3 Comp

5 Richmond, VA 3 Living Room Dining Room Kitchen Bedroom 1 Bedroom Swing set and shed! Another view of backyard Tankless Gass Water Heater!

Great Opportunity!! 5 Single Family Homes Expected Annual Combined Rent $36,600

FIX AND FLIP 5 HOUSES IN OHIO Great Opportunity!! 5 Single Family Homes Expected Annual Combined Rent $36,600 Package Details: List Price Per Door: $3,700 x 5 $8,500.00 plus Assumed Due Property Taxes: