Executive Summary
23590 SW Marine Blvd, Dunnellon, FL 34431
Singlefamily: 2 bedrooms , 2 bathrooms
Year built: 1966, Size: 1488 SF
Investment strategy: Fix and Flip
– 3d virtual tour: https://my.matterport.com/show/?m=mtDA8eusGr9
– Photos link:
https://www.dropbox.com/sh/15irp1xi05pk2cl/AABFuVruZHI5qvsTxObfagDFa?dl=0
– Video link: https://www.youtube.com/watch?v=MXoRbydw32E
– 4 point inspection: https://drive.google.com/file/d/1j5kR5g6OFNRZgLfeNyC7m6muu8lnkGD-/view?usp=sharing
– Formal appraisal link: https://drive.google.com/file/d/1e9aEnzT18cN9DrQVYyleN2MhSOqKvR9a/view?usp=sharing
The AC and the roof are good but are nearing the end of their life and will soon need to be replaced.
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Investment Summary
After Repair Value | $ 170,000 |
Calculated Project Profit | $ 22,400 |
70% Rule | 78.76 % |
Return On Investment | 16.30 % |
Project Term | 5 months |
Financial Breakdown
Total Capital Needed | $ 137,400 |
Financing | $ 0 |
Total Cash Needed | $ 137,400 |
Project Cost Breakdown
Purchase Costs | |
Purchase Price | $ 123,900 |
Buying Costs | $ 2,000 |
Total | $ 125,900 |
Repair Costs | |
Repair Costs Lump Sum | $ 10,000 |
Total | $ 10,000 |
Holding Costs | |
Monthly Holding Costs | $ 300 |
Total Months Held | 5 |
Total | $ 1,500 |
Selling Costs | |
Commissions (6%) | $ 10,200 |
Selling Costs | $ 0 |
Total | $ 10,200 |
Property Description
Purchase Price | $ 123,000 |
Address |
23590 SW Marine Blvd, Dunnellon, FL 34431 |
Year Built | 1966 |
Type | Singlefamily |
Size | 1488 SF |
Bedrooms | 2 |
Bathrooms | 2 |
Financial Analysis
Financial Breakdown
Purchase Price | $ 123,900 |
Purchase Costs | $ 2,000 |
Repair Costs | $ 10,000 |
Holding Costs | $ 1,500 |
Total Capital Needed | $ 137,400 |
Financing | $ 0 |
Total Cash Needed | $ 137,400 |
Cash at Closing | $ 0 |
Cash During Flip | $ 137,400 |
Holding period of 5 years and discount rate of 5.00% were used for calculation of NPV and IRR. The rest of the financial measures are for the 1st year only and therefore don’t provide such an exact information.
Project Returns
Gross Rehab Profit | $ 22,400 |
Return on Investment | 16.30 % |
Annualized ROI | 39.12 % |
Internal Rate of Return | 45.17 % |
Timeline Assumptions
Rehab Period | 2 months |
Listing Period | 3 months |
Total Holding Period | 5 months |