1561 Santa Inez Dr San Jose CA
We have another short term and high yielding opportunity for you in Silicon Valley!
This is a quick bread and butter value add fix and flip with an addition.
The home will be fully remodeled including the addition of approximately 900 square feet of living space, new flooring, windows, roof, exterior stucco, drywall, updated baths and kitchen and high end appliances.
The home is located in a very desirable community within San Jose called Willow Glen within 1 mile of high tech firms such as the EBay and Apple campuses.
There are already 2 potential buyers in place up to $2.1MM but the plan is also topre-market the property for sale using CAD renderings of the finished project to attract other potential buyers prior to project completion. The days on market for remodeled properties in this area is less than 60 days as well.
We are also working with 2 highly experienced developers and crews who will carry their own payments and an additional $65k of the renovation.
Total projected timeline to complete and sell is 4-6 months.
ARV: $1,950,000 – Confirmed by Appraisal
Purchase Price: $1,150,000
Projected Profit: $348,540
Total JV Investment Amount: $285,000
(Minimum Investment Amount is $50,000)
Investors Share of the Profit: 50% of projected profit = $174,270!
Projected ROI is 61% in approximately 6 months. That’s 122% annualized!
Hurry, this offering will not last long! Don’t miss out!
Here is the full breakdown: