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.

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

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After Repair Value $ 170,000
Calculated Project Profit $ 22,400
70% Rule 78.76 %
Return On Investment 16.30 %
Project Term 5 months
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Financial Breakdown

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Total Capital Needed $ 137,400
Financing $ 0
Total Cash Needed $ 137,400
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Project Cost Breakdown

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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
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Property Description

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Purchase Price $ 123,000
Address

23590 SW Marine Blvd, Dunnellon, FL 34431
Year Built 1966
Type Singlefamily
Size 1488 SF
Bedrooms 2
Bathrooms 2
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Financial Analysis

Financial Breakdown

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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
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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

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Gross Rehab Profit $ 22,400
Return on Investment 16.30 %
Annualized ROI 39.12 %
Internal Rate of Return 45.17 %
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Timeline Assumptions

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Rehab Period 2 months
Listing Period 3 months
Total Holding Period 5 months
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Photos