10 W 140th Ct, Riverdale IL 60827

10 W 140th Ct, Riverdale, IL 60827

Singlefamily: 2 bedrooms , 1 bathroom

Year built: 1946, Size: 738 SF

Investment strategy: Fix and Flip

Purchase Price$ 57,900

Rehab Estimate$ 35,000

Project Profit$ 22,482

After Repair Value$ 130,000

Investment Summary

After Repair Value	$ 130,000
Calculated Project Profit	$ 22,482
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.	71.46 %
Return on Investment	22.60 %
Project Term	4 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).	$ 99,468
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 99,468

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 57,900
Buying Costs	$ 4,000
Total	$ 61,900

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

Holding Costs
Monthly Holding Costs	$ 642
Total Months Held	4
Total	$ 2,568

Selling Costs
Commissions (3.5%)	$ 4,550
Selling Costs	$ 3,500
Total	$ 8,050

2 bedroom, 1 bath ranch-style home. SELLER DOES NOT PROVIDE SURVEY, TAXES PRORATED AT 100%.

Purchase Price	$ 57,900
Address	10 W 140th Ct , Riverdale, 60827, IL
MLS^® #	12127239
Listing Agent	ROBERT PADRON
Year Built	1946
Type	Singlefamily
Size	738 SF
Bedrooms	2
Bathrooms	1

Property History

Date	Price	Event
10/14/2024	59900	Price Changed
9/29/2024	64900	Relisted
9/17/2024		Listing removed
7/31/2024	64900	Listed
6/15/2015	900	Listing removed
4/21/2015	1050	Listing removed
3/1/2015	1050	Price Changed for rent
1/27/2015	1200	Listed for rent
8/19/2013	85000	Sold
12/19/2010	14900	Listing removed
12/5/2010	14900	Price Changed
8/28/2010	19900	Listed
9/13/2006	60000	Sold
7/12/2000	40000	Sold
6/23/1994	40000	Sold

Financial Breakdown

Purchase Price	$ 57,900
Purchase Costs	$ 4,000
Repair Costs	$ 35,000
Holding Costs	$ 2,568
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 99,468
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 99,468
Cash at Closing Cash at Closing This number includes down payment and loan points. Cash at Closing This number includes down payment and loan points.	$ 0
Cash During Flip Cash During Flip Shows the cash amount remaining to fund the Flip. Cash During Flip Shows the cash amount remaining to fund the Flip.	$ 99,468

Project Returns

Gross Rehab Profit	$ 22,482
Return on Investment	22.60 %
Annualized ROI	67.80 %
Internal Rate of Return	104.00 %

Timeline Assumptions

Rehab Period	2 months
Listing Period	2 months
Total Holding Period	4 months

There is no financing selected in this deal.

This charts shows the influence of leverage on Return on Investment (ROI). Purchase price is considered as the Value in the LTV ratio here. The calculation considers all buying, holding, repair and selling costs, purchase price, ARV and an interest-only loan with rate of 12.00% p.a.

Month	0	1	2	3	4
Purchase/Sale	$ -57,900				$ 130,000
Closing Costs	$ 4,000				$ -8,050
Holding Costs		$ -642	$ -642	$ -642	$ -642
Rehab Draws		$ -17,500	$ -17,500
Cash Flow	$ -61,900	$ -18,142	$ -18,142	$ -642	$ 121,308

Sale Proceeds Breakdown

After Repair Value	$ 130,000
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.	$ 8,050
Repair Costs	$ 35,000
Holding Costs (4 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.	$ 2,568
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.	$ 61,900
Net Rehab Profit	$ 22,482

Property Report :

10 W 140th Ct, Riverdale, IL 60827

Executive Summary