106 Canal Street, Auburndale FL 33823: 106 Canal St, Auburndale FL 33823

106 Canal St, Auburndale, FL 33823

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1949, Size: 1200 SF

Investment strategy: Fix and Flip

Purchase Price$ 94,900

Rehab Estimate$ 10,000

Project Profit$ 27,202

After Repair Value$ 146,808

Investment Summary

After Repair Value	$ 146,808
Calculated Project Profit	$ 27,202
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.	71.45 %
Return on Investment	25.00 %
Project Term	8 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).	$ 108,798
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 108,798

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 94,900
Buying Costs	$ 1,898
Total	$ 96,798

Repair Costs
Repair Costs Lump Sum	$ 10,000
Total	$ 10,000

Holding Costs
Monthly Holding Costs	$ 250
Total Months Held	8
Total	$ 2,000

Selling Costs
Commissions (6%)	$ 8,808
Selling Costs	$ 2,000
Total	$ 10,808

Purchase Price	$ 94,900
Address	106 Canal St , Auburndale, 33823, FL
Year Built	1949
Type	Singlefamily
Size	1200 SF
Bedrooms	3
Bathrooms	2

106 Canal St Auburndale, FL 33823

$ 146,808

Property ARV
Singlefamily

Bldg type
1,200

SqFt
$ 122

per SqFt
3

Beds
2

Baths

#	Property address	Distance	Beds	Baths	SqFt	Date sold	Sale price	$/SqFt
1	207 Pike St, Auburndale, FL 33823	0.2mi	3	2.5	1,170	8/21/2020	$ 146,000	$ 125
2	216 Noxon St, Auburndale, FL 33823	0.7mi	3	2	1,150	4/24/2020	$ 135,000	$ 117
3	519 Oak St, Auburndale, FL 33823	0.7mi	3	2	1,008	7/02/2020	$ 132,000	$ 131
4	520 Oak St, Auburndale, FL 33823	0.7mi	3	2.5	1,170	3/30/2020	$ 136,000	$ 116
Average:							$ 137,250	$ 122

Financial Breakdown

Purchase Price	$ 94,900
Purchase Costs	$ 1,898
Repair Costs	$ 10,000
Holding Costs	$ 2,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 108,798
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 108,798
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.	$ 108,798

Project Returns

Gross Rehab Profit	$ 27,202
Return on Investment	25.00 %
Annualized ROI	37.50 %
Internal Rate of Return	41.02 %

Timeline Assumptions

Rehab Period	2 months
Listing Period	6 months
Total Holding Period	8 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
Purchase/Sale	$ -94,900								$ 146,808
Closing Costs	$ 1,898								$ -10,808
Holding Costs		$ -250	$ -250	$ -250	$ -250	$ -250	$ -250	$ -250	$ -250
Rehab Draws		$ -5,000	$ -5,000
Cash Flow	$ -96,798	$ -5,250	$ -5,250	$ -250	$ -250	$ -250	$ -250	$ -250	$ 135,750

Sale Proceeds Breakdown

After Repair Value	$ 146,808
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.	$ 10,808
Repair Costs	$ 10,000
Holding Costs (8 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.	$ 2,000
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.	$ 96,798
Net Rehab Profit	$ 27,202

Property Report: 106 Canal Street, Auburndale FL 33823 FIX & FLIP

Property Report :

106 Canal Street, Auburndale FL 33823

106 Canal St, Auburndale, FL 33823

Executive Summary

106 Canal St, Auburndale, FL 33823

Investment Summary

70% Rule

70% Rule

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Project Cost Breakdown

Property Description

Comparative Sales Analysis

$ 146,808

Property ARV

Singlefamily

Bldg type

1,200

SqFt

$ 122

per SqFt

3

Beds

2

Baths

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Flip

Cash During Flip

Project Returns

Timeline Assumptions

Financing Overview

Cash Flow Forecast

Resale Analysis

Sale Proceeds Breakdown

Cost of Sale

Cost of Sale

Holding Costs

Holding Costs

Financing

Financing

Purchase incl. Costs

Purchase incl. Costs

Photos