1015 Robert St, Windsor NC 27983

1015 Robert St, Windsor, NC 27983

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1974, Size: 1545 SF

Investment strategy: Fix and Flip

Purchase Price$ 41,900

Rehab Estimate$ 75,000

Project Profit$ 20,075

After Repair Value$ 145,000

Investment Summary

After Repair Value	$ 145,000
Calculated Project Profit	$ 20,075
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.	80.62 %
Return on Investment	17.03 %
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).	$ 117,900
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 117,900

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 41,900
Buying Costs	$ 1,000
Total	$ 42,900

Repair Costs
Repair Costs Lump Sum	$ 75,000
Total	$ 75,000

Holding Costs
Monthly Holding Costs	$ 0
Total Months Held	9
Total	$ 0

Selling Costs
Commissions (4.5%)	$ 6,525
Selling Costs	$ 500
Total	$ 7,025

Brick Ranch on corner lot, convenient to shopping and schools. This home has a living room plus a den with a brick fireplace. there are 3 bedrooms and 2 baths. Nice shady lot with mature hardwood trees.

Purchase Price	$ 41,900
Address	1015 Robert St , Windsor, 27983, NC
MLS^® #	100384723
Listing Agent	Charlie Newsome
Listing Broker	Howard Hanna Elizabeth City
Year Built	1974
Type	Singlefamily
Size	1545 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Change	Event
8/1/1995

Financial Breakdown

Purchase Price	$ 41,900
Purchase Costs	$ 1,000
Repair Costs	$ 75,000
Holding Costs	$ 0
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 117,900
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 117,900
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.	$ 117,900

Project Returns

Gross Rehab Profit	$ 20,075
Return on Investment	17.03 %
Annualized ROI	22.71 %
Internal Rate of Return	31.74 %

Timeline Assumptions

Rehab Period	6 months
Listing Period	3 months
Total Holding Period	9 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	5	6	7	8	9
Purchase/Sale	$ -41,900									$ 145,000
Closing Costs	$ 1,000									$ -7,025
Holding Costs
Rehab Draws		$ -12,500	$ -12,500	$ -12,500	$ -12,500	$ -12,500	$ -12,500
Cash Flow	$ -42,900	$ -12,500	$ -12,500	$ -12,500	$ -12,500	$ -12,500	$ -12,500	$ 0	$ 0	$ 137,975

Sale Proceeds Breakdown

After Repair Value	$ 145,000
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.	$ 7,025
Repair Costs	$ 75,000
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.	$ 0
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.	$ 42,900
Net Rehab Profit	$ 20,075

Property Report :

1015 Robert St, Windsor, NC 27983

Executive Summary