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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 : |
Wholesale Flip Palm Desert |
| Property Type : |
Single Family |
| City : |
Members Only |
| State : |
California |
| Zip Code : |
Members Only |
| County : |
Members Only |
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| Square Footage (GLA/ GBA) : |
2933 |
| Lot Size : |
Members Only |
| Lot Attributes : |
Members Only |
| Measurement : |
Sq. Ft. |
| Number Of Units : |
0 |
| Zoning Code : |
Members Only |
| Over All Property Condition : |
Excellent |
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| Property Description: |
AWESOME OPPORTUNITY!
We have a easy fix and flip property in Palm Desert,
46219 Cypress Estates Ct, Palm Desert, CA 92260
BEDS: 3
BATHS: 3.5
SQ. FT.: 2,936
$/SQ. FT.: $152
LOT SIZE: 10,019 Sq. Ft.
PROPERTY TYPE: Residential, Single Family
STYLE: One Level
YEAR BUILT: 2003
COMMUNITY: South Palm Desert
Swimming Pool & Spa
Has Casita for Mother in Law, Teenager, or Maid!
Property Tax
Taxable Value
Land $205,000
Addition $479,000
Total $684,000
Homes for Sale Jan '12 vs. Prev. Month vs. Prev. Year
# Homes for Sale 459 1.3% 21.8%
Median List Price $325K 0% 1.9%
Median List $/SqFt. $189
MEDIAN SQ.FT PRICE IN THE 92260 IS $191.00, 94.2%, this property is 2936 which puts value based on
square footage - $560k
House next door just sold last month $540K (most recent comp)
Purchase Price $435K (includes fee)
Repairs 7K (cleanup, appliances, faucets, sink-minor)
ARV Comps $545K - $560k
$100K+ Spread for CASH BUYER!
Requires $10K Deposit, Must be able to close 2 weeks!
House two doors down located 46203 Cypress Estates, just listed $672K and is smaller! Same builder and tract!
Excellent Opportunity! $100K+ Equity
Have hardmoney apprrove for $300K if needed! |
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| Purchase & Invesment Information |
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| Purchase Price : |
$435,000 |
| Investment Type : |
Wholesale Property |
| Investment Amount Needed: |
$435000.00 |
| 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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Market rent / Vacncy Information(0) |
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Floor Plan / Site Plan (0) |
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