Executive Summary
Singlefamily: 2 bedrooms , 1 bathroom
Year built: 1964, Size: 1288 SF
Investment strategy: Fix and Flip
– 3d virtual tour link: https://my.matterport.com/show/?m=KqSJNPkEY89&mls=1
– Photos link:
https://www.dropbox.com/sh/rk0j0gi09o7st90/AAAL1-b4o90e4PXWjV9VBF8za?dl=0
– Video link: https://www.youtube.com/watch?v=0rxcIqqcQrY
Off Market Properties
Subscribe to Learn More
For more information about how we process your data, please click here to read our Privacy Policy.
Purchase Price $ 120,000
Rehab Estimate $ 50,000
Project Profit $ 38,500
After Repair Value $ 225,000
Investment Summary
| After Repair Value | $ 225,000 |
| Calculated Project Profit | $ 38,500 |
| 70% Rule | 75.56 % |
| Return on Investment | 22.25 % |
| Project Term | 6 months |
Project Cost Breakdown
| Purchase Costs | |
| Purchase Price | $ 120,000 |
| Buying Costs | $ 1,200 |
| Total | $ 121,200 |
| Repair Costs | |
| Repair Costs Lump Sum | $ 50,000 |
| Total | $ 50,000 |
| Holding Costs | |
| Monthly Holding Costs | $ 300 |
| Total Months Held | 6 |
| Total | $ 1,800 |
| Selling Costs | |
| Commissions (6%) | $ 13,500 |
| Selling Costs | $ 0 |
| Total | $ 13,500 |
Financial Breakdown
| Total Capital Needed | $ 173,000 |
| Financing | $ 0 |
| Total Cash Needed | $ 173,000 |
Property Description
| Purchase Price | $ 120,000 |
| Address | 113 Concord Dr NE, Port Charlotte, FL 33952 |
| Year Built | 1964 |
| Type | Singlefamily |
| Size | 1288 SF |
| Bedrooms | 2 |
| Bathrooms | 1 |
Financial Analysis
Financial Breakdown
| Purchase Price | $ 120,000 |
| Purchase Costs | $ 1,200 |
| Repair Costs | $ 50,000 |
| Holding Costs | $ 1,800 |
| Total Capital Needed | $ 173,000 |
| Financing | $ 0 |
| Total Cash Needed | $ 173,000 |
| Cash at Closing | $ 0 |
| Cash During Flip | $ 173,000 |
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 | $ 38,500 |
| Return on Investment | 22.25 % |
| Annualised ROI | 44.50 % |
| Internal Rate of Return | 56.15 % |
Timeline Assumptions
| Rehab Period | 3 months |
| Listing Period | 3 months |
| Total Holding Period | 6 months |
Photos