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.
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Investment Summary
| After Repair Value | $ 170,000 |
| Calculated Project Profit | $ 22,400 |
| 70% Rule | 78.76 % |
| Return On Investment | 16.30 % |
| Project Term | 5 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 Held | 5 |
| Total | $ 1,500 |
| Selling Costs | |
| Commissions (6%) | $ 10,200 |
| Selling Costs | $ 0 |
| Total | $ 10,200 |
Property Description
| Purchase Price | $ 123,000 |
| Address |
23590 SW Marine Blvd, Dunnellon, FL 34431 |
| Year Built | 1966 |
| Type | Singlefamily |
| Size | 1488 SF |
| Bedrooms | 2 |
| Bathrooms | 2 |
Financial Analysis
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 Investment | 16.30 % |
| Annualized ROI | 39.12 % |
| Internal Rate of Return | 45.17 % |
Timeline Assumptions
| Rehab Period | 2 months |
| Listing Period | 3 months |
| Total Holding Period | 5 months |











