Property Report :

Hot Deal

Shelby County, Cordova, TN 38018

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Real Estate Analysis

Created on: Apr 16, 2025

Author: Raynard Hill Sr

Company: R E C Investor Solutions

Shelby County, Cordova, TN 38018

Singlefamily:

Investment strategy: Fix and Flip

Purchase Price$ 133,000

Rehab Estimate$ 35,000

Project Profit$ 14,680

After Repair Value$ 222,000

Investment Summary

After Repair Value	$ 222,000
Calculated Project Profit	$ 14,680
70% Rule 70% Rule Widely accepted ratio among rehabbers used as a barometer for purchasing a rehab property: Purchase price with repair costs should not exceed 70% of ARV. 70% Rule Widely accepted ratio among rehabbers used as a barometer for purchasing a rehab property: Purchase price with repair costs should not exceed 70% of ARV.	75.68 %
Return on Investment	8.00 %
Project Term	9 months

Financial Breakdown

Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 183,500
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 183,500

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 133,000
Buying Costs	$ 2,000
Total	$ 135,000

Repair Costs
Repair Costs Lump Sum	$ 35,000
Total	$ 35,000

Holding Costs
Monthly Holding Costs	$ 1,500
Total Months Held	9
Total	$ 13,500

Selling Costs
Commissions (6%)	$ 13,320
Selling Costs	$ 10,500
Total	$ 23,820

Purchase Price	$ 133,000
Address	Shelby County , Cordova, 38018, TN
Type	Singlefamily

Month	0	1	2	3	4	5	6	7	8	9
Purchase/Sale	$ -133,000									$ 222,000
Closing Costs	$ 2,000									$ -23,820
Holding Costs		$ -1,500	$ -1,500	$ -1,500	$ -1,500	$ -1,500	$ -1,500	$ -1,500	$ -1,500	$ -1,500
Rehab Draws		$ -11,667	$ -11,667	$ -11,667
Cash Flow	$ -135,000	$ -13,167	$ -13,167	$ -13,167	$ -1,500	$ -1,500	$ -1,500	$ -1,500	$ -1,500	$ 196,680

Sale Proceeds Breakdown

After Repair Value	$ 222,000
Cost of Sale Cost of Sale This includes agent commission and costs such as marketing, home warranty, attorney charges, title/escrow fees and other. Cost of Sale This includes agent commission and costs such as marketing, home warranty, attorney charges, title/escrow fees and other.	$ 23,820
Repair Costs	$ 35,000
Holding Costs (9 months) Holding Costs This includes costs such as utilities, maintenance, insurance, HOA dues, but loan interest is not included. Holding Costs This includes costs such as utilities, maintenance, insurance, HOA dues, but loan interest is not included.	$ 13,500
Financing Costs Financing This amount sums interest paid on any loans and capital partner funds plus loan points and costs. Financing This amount sums interest paid on any loans and capital partner funds plus loan points and costs.	$ 0
Purchase Purchase incl. Costs Sums up the purchase price and all associated closing costs, such as title/escrow fees, attorney fees, inspections, appraisal etc. Purchase incl. Costs Sums up the purchase price and all associated closing costs, such as title/escrow fees, attorney fees, inspections, appraisal etc.	$ 135,000
Net Rehab Profit	$ 14,680

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