Single Family Home in Pinellas County

Starting price $275,000

3 bed 2 bath 1,203 sq. ft.

1962 build

Lot Size 6,398 sq. ft.

Condition

Floor tile and wood were updated 2 months ago

The roof is 7 years old

The water heater and Gas need to be changed

HVAC is 7 years old

new compressor installed 2 months ago

Fix N Flip Profit

Retail ARV

$370,000.00

Purchase:

$275,000.00

Rehab

$15,000.00

1st Closings 2%

$5,500.00

Holding Cost 2%

$5,500.00

Agent 5%

$18,500.00

2nd Closing 2%

$7,400.00

Projected Profit

$43,100.00

Cash on Cash ROI

Purchase:

$275,000.00

Rehab

$15,000.00

Taxes

$745.00

Insurance

$1,500.00

Closing Cost 2%

$5,500.00

Purchase+ Rehab Closing

$296,245.00

Monthly Rent

$2,500.00

Annual Rent Roll

$30,000.00

ROI Cash On Cash

10%

Cap Rate

7.55%

Cap Rate

Purchase+ Rehab+ Closing

$296,245.00

Annual Rent Roll

$30,000.00

Management 10%

$3,000.00

Taxes

$745.00

Insurance

$1,500.00

HOA

$0.00

Maintenance 8%

$2,400.00

NOI

$22,355.00

Cap Rate

7.55%

Cap Rate

Purchase+ Rehab+ Closing

$296,245.00