Reduced For Quick Sale! Wholesale House!
Wednesday, July 8th, 2009$22,900!!
3207 E. 72nd St., Kansas City, MO 64132
If you can’t make money with this house at this price, then you need to get out of the Real Estate Business.
Let’s look at the Numbers!
$65,000 ARV
X 70%
$45,500
- 4,000 Rehab loan Costs
$41,500
- 15,000 * Repairs (Estimate Available Upon Request)
$26,500 At this Price or less is a Great Deal!
* Note – If you do the repairs yourself you can be in and out for less than $8,000
This is a large 3 bedroom home with a sunroom, garage and full basement. Light Rehab with Section 8 rents of $850-$925.
Let’s Look At Cashflow!
Let’s say that you refinance the whole amount without putting a down payment and you roll in the closing costs on a 30 year note at 6.5%. If you do this correctly, (I can help you with this if you don’t know how) You can be all in with no money out of pocket!! (The only way to do it!)
$44,400 End Loan Amount
$ 281 P&I payment
+ 92 Monthly Taxes and Insurance
$ 373 Total Monthly Debt Service
$ 850 Monthly Rent
- 373 Debt Service
$477 Total Monthly Cashflow
Drive by. Make offer! Close! Make Money! Ideal for a quick flip or hold for Cashflow!
Let’s look at some photos!
Contact me for more information and to view the property!
