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 | Pros and Cons of Purchasing a Foreclosure Auction Property | | | There are many properties being offered at foreclosure auctions across the nation right now. Some are good investments and others are not.
Read More | | | How to Purchase a Fannie Mae Foreclosure Property | | | Purchasing a Fannie Mae property in my opinion is the easiest and best way to go right now if you are looking for a foreclosure property. Fannie Mae is government run.
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Property Details |
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| Property Information |
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| Project Name : |
Palm Springs Light Fixer |
| Property Type : |
Single Family |
| City : |
Members Only |
| State : |
California |
| Zip Code : |
Members Only |
| County : |
Members Only |
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| Square Footage (GLA/ GBA) : |
2538 |
| Lot Size : |
Members Only |
| Lot Attributes : |
Members Only |
| Measurement : |
Sq. Ft. |
| Number Of Units : |
0 |
| Zoning Code : |
Members Only |
| Over All Property Condition : |
Light Fixer |
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| Property Description: |
Property is dated. Can use new roof though seller states no current leaks (past leaks patched). Owner occupied, the home is dated and could use an updated kitchen and bath. The pool and spa deck seems to be in good shape though plaster is questionable. New pump in pool. Non-Working pool heater. Home has central HVAC. Beautiful lot in a great location. Enclosed compound with two driveway gates. Located on a corner lot. Newer vinyl windows.
$589,800.00 Net Purchase (includes fee)
$50,000 - $75,000 Rehab
Comps: $800,000 - $865,000 (recent sale on same street for $865,000 - smaller home) |
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| Purchase & Invesment Information |
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| Purchase Price : |
$579,800 |
| Investment Type : |
Wholesale Property |
| Investment Amount Needed: |
$0.00 |
| Equity offered to Equity Partner : |
0.00 |
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| Estimated Cash on Cash Return for Investor : |
Members Only |
| Contingency Expiration Date : |
Members Only |
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| Process Complete to Date: |
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 Members Only |
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| Why is the Property being Sold?: |
| Members Only |
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| Personal Invesment Details |
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| Will Seller Carry a Note : |
No |
| Rate : |
Members Only |
| Years Amortized : |
0.00 |
| Amount : |
$0.00 |
| Ballon Amount : |
$0.00 |
| Prepayment Penalty : |
$0.00 |
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| Familiarity with Property : |
Very Familiar |
| Familiarity with Neighborhood : |
Very Familiar |
| Time Inveting in Realestate : |
Over 5 Years |
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| Property Documents |
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| Brochures / Flyer (0) |
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Market rent / Vacncy Information(0) |
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| Demo Graphics (0) |
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Floor Plan / Site Plan (1) |
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Floor_plan1
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