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
Subscribe to Learn More
[activecampaign form=72]
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 |










