Executive Summary
Singlefamily: 2 bedrooms , 2 bathrooms
Year built: 1961, Size: 1398 SF
Investment strategy: Fix and Flip
Off Market Properties
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Purchase Price $ 82,000
Rehab Estimate $ 40,000/mo
Project Profit $ 30,100
After Repair Value 165,000
Investment Summary
| After Repair Value | $ 165,000 |
| Calculated Project Profit | $ 30,100 |
| 70% Rule | 73.94 % |
| Return on Investment | 24.08 % |
| Project Term | 6 months |
Financial Breakdown
| Total Capital Needed | $ 125,000 |
| Financing | $ 0 |
| Total Cash Needed | $ 125,000 |
Project Cost Breakdown
| Purchase Costs | |
| Purchase Price | $ 82,000 |
| Buying Costs | $ 1,200 |
| Total | $ 83,200 |
| Repair Costs | |
| Repair Costs Lump Sum | $ 40,000 |
| Total | $ 40,000 |
| Holding Costs | |
| Monthly Holding Costs | $ 300 |
| Total Months Held | 6 |
| Total | $1,800 |
| Selling Costs | |
| Commissions (6%) | $ 9,900 |
| Selling Costs | $ 0 |
| Total | $ 9,900 |
Property Description
| Purchase Price | $ 82,000 |
| Address | 22024 Felton Ave, Port Charlotte, FL 33952 |
| Year Built | 1961 |
| Type | Singlefamily |
| Size | 1398 SF |
| Bedrooms | 2 |
| Bathrooms | 2 |
Financial Analysis
Financial Breakdown
| Purchase Price | $ 82,000 |
| Purchase Costs | $ 1,200 |
| Repair Costs | $ 40,000 |
| Holding Costs | $ 1,800 |
| Total Capital Needed | $ 125,000 |
| Financing | $ 0 |
| Total Cash Needed | $ 125,000 |
| Cash at Closing | $ 0 |
| Cash During Flip | $ 125,000 |
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 | $ 30,100 |
| Return On Investment | 24.08 % |
| Annualised ROI | 48.16 % |
| Internal Rate of Return | 62.50 % |
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.
Timeline Assumptions
| Rehab Period | 3 months |
| Listing Period | 3 months |
| Total Holding Period | 6 months |
Photos