320 Central Ave Sedro-Woolley WA $ 290,000.00
- Acquisition Price: $ 140,000.00
- Renovation Budget: $ 50,000.00
- Estimated After Repair Value: $ 290,000.00
- Estimated Net Profit: $ 80,000.00
- Percent Deal: 0.66 %
- Estimated Profit: $ 1,999.98
- Proposed Secured Interest Rate (Annualized): 12.00 %
- Forecasted equity participation(profit share): 5.00 %
- Length of Note: 6 months
- Total Forecasted Annualized Return for our Investors: 17 %
Property Description
This property is in a small town north of seattle. This property is a very good deal and usually days on market are less than 30 days. This area has expansive growth due to a couple factors we have researched and there is a big shortage of housing.
Scope of work
We will be redoing the layout to create a 3 bedroom 2 bath instead of a 2 bedroom 1 bath. We will also be completely renovating the front of the house and redoing the kitchens and bathrooms. Other renovations include interior and exterior paint, new tile, appliances, new electrcial and plumbing, and new light fixtures.
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