Executive Summary
Singlefamily: 3 bedrooms , 2 bathrooms
Year built: 1953, Size: 1128 SF
Investment strategy: Fix and Flip
Take a look at this profitable flip. The house comes with a pool. This property has tons of potential. Take a look at the 3D virtual tour, photos, video and appraisal report below.
Matterport link:
https://my.matterport.com/show/?m=PneZ49gsNVJ&mls=1
Photos link:
https://www.dropbox.com/sh/a62lyv87wzprha1/AAADpOS5m50R0_FnjGGaGr9fa?dl=0
Video Link:
https://www.youtube.com/watch?v=PoF60SFHluU&t=148s
Appraisal link:
https://drive.google.com/file/d/1Jpw8nl8QhI78JnZIVtbuGXtUA8gk5XkP/view?usp=sharing
Off Market Properties
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Investment Summary
After Repair Value | $ 215,000 |
Calculated Project Profit | $ 42,150 |
70% Rule | 74.42 % |
Return on Investment | 26.00 % |
Project Term | 5 months |
Project Cost Breakdown
Purchase Costs | |
Purchase Price | $ 125,000 |
Buying Costs | $ 1,100 |
Total | $ 126,100 |
Repair Costs | |
Repair Costs Lump Sum | $ 35,000 |
Total | $ 35,000 |
Holding Costs | |
Monthly Holding Costs | $ 200 |
Total Months Held | 5 |
Total | $ 1,000 |
Selling Costs | |
Commissions (5%) | $ 10,750 |
Selling Costs | $ 0 |
Total | $ 10,750 |
Financial Breakdown
Total Capital Needed | $ 162,100 |
Financing | $ 0 |
Total Cash Needed | $ 162,100 |
Property Description
Purchase Price | $ 125,000 |
Address | 839 Golden Rule Ct N, Lakeland, FL 33803 |
Year Built | 1953 |
Type | Singlefamily |
Size | 1128 SF |
Bedrooms | 3 |
Bathrooms | 2 |
Financial Analysis
Financial Breakdown
Purchase Price | $ 125,000 |
Purchase Costs | $ 1,100 |
Repair Costs | $ 35,000 |
Holding Costs | $ 1,000 |
Total Capital Needed | $ 162,100 |
Financing | $ 0 |
Total Cash Needed | $ 162,100 |
Cash at Closing | $ 0 |
Cash During Flip | $ 162,100 |
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 | $ 42,150 |
Return on Investment | 26.00 % |
Annualised ROI | 62.40 % |
Internal Rate of Return | 81.05 % |
Timeline Assumptions
Rehab Period | 2 months |
Listing Period | 3 months |
Total Holding Period | 5 months |