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:
– 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.

Off Market Properties

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Purchase Price $ 123,900
Rehab Estimate $ 10,000
Project Profit $ 22,400
After Repair Value $ 170,000

Investment Summary

After Repair Value$ 170,000
Calculated Project Profit$ 22,400
70% Rule78.76 %
Return On Investment16.30 %
Project Term5 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 Held5
Total$ 1,500
Selling Costs 
Commissions (6%)$ 10,200
Selling Costs$ 0
Total$ 10,200

Purchase Price$ 123,000

23590 SW Marine Blvd, Dunnellon, FL 34431

Year Built1966
Size1488 SF

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 Investment16.30 %
Annualized ROI39.12 %
Internal Rate of Return45.17 %

Timeline Assumptions

Rehab Period2 months
Listing Period3 months
Total Holding Period5 months