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 333 80-991-xxxx
Opportunity to Lend on a Solid, Low LTV% Deal! Property Street Address: Property City, State, Zip: Bedrooms: Baths: Square Feet: Year Built: Richmond, VA 3 1600 190 Presented By: 80-991-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 130,000.00 After-Repair Value (ARV) Purchase Price Rehab Cost Total Holding and Closing Costs Total Financing Costs Total Project Cost Basis Total Amount Financed 10,000.00 57,000.00 7,500.00 3,660.00 3,699.38 91,859.38 88,199.38 3,660.00 1% 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: 9,100.00 9,00.63 793% 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!
REO in Northside Richmond, VA 3 PROJECT CASH FLOW REPORT 80-991-xxxx Month 0 1 3 5 6 7 8 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) 0 0 0 0 0 (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 9 10 11 1 13 1 15 16 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 17 18 19 0 1 3
Comparable Sales Report For Property Street Address: Property City, State, Zip: Bedrooms: Baths: Square Feet: Year Built: 1 3 5 6 7 8 Address 808 Chamberlay Ave 37 156 Main St 37 177 Grace St 36 361 North Ave 1605 Cliff Ave 905 nd Ave 311 th Ave 151 Northside Ave Richmond, VA 3 Presented By: 80-991-xxxx 1600 190 Beds Baths.5.5 1.5.5 1.5 Sq Ft 1800 1750 163 170 1560 10 1800 157 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
Richmond, VA 3 Living Room Dining Room Kitchen Bedroom 1 Bedroom Swing set and shed! Another view of backyard Tankless Gass Water Heater!