Investors Great Deal 47% Below Market Value

[Lorena 0]

Contract Price $60,000. 47% below market value. I am very eager to assign contract as soon as possible. Contract assignment fee $6,000. Closing date 1/17/08 with 10 days grace period.

I can be reached at 941-286-5861

 

Property Details 21386 Gladis Ave Port Charlotte Fl 33952

2/1/cpt 897 sq ft Total 1329 Built 1961. NO REPAIRS NEEDED. New roof 2004, new kitchen and new tile though out. New exterior paint. New window a/c units. Newer windows.

RENTER IN PLACE AT $200.00 A WEEK. $10,000 YEARLY INCOME. Renter will stay on at same rental agreement.

Recent Sales Comps:

1. 21315 Gladis Ave sold for $114,500 sold on 5/22 built 61 sq ft 897 total 1329 distance 0.1

2. 21218 Gladis Ave sold for $111,500 sold on 2/27 built 60 sq ft 772 total 1494 distance 0.3

3. 21362 Percy Ave sold on $124,000 sold for 4/3 built 61 sq ft 812 total 1357 distance 0.1

4. 21282 Percy Ave sold for $100,800 sold on 6/22 built 61 sq ft 735 total 1371 distance 0.2

$450,800 BY 4 = $112,700 X 0.7 = $78,890

 

 

FMV $ 112,700 Gross Total $52,700 Gross Profit $ 52,700

Offer $ 60,000 Repairs $ 0 divided by FMV $112,700

Gross Total $ 52,700 Gross Profit $52,700 % below market value 47%