10703 N Oregon Ave, Tampa FL 33612

10703 N Oregon Ave, Tampa, FL 33612

Singlefamily: 3 bedrooms , 1 bathroom

Year built: 1950, Size: 1716 SF

Investment strategy: Wholesale deal offered to a flipper

Maximum Allowable Offer$ 243,460

Wholesale Fee$ 20,000

Flipper's Profit$ -0

Rehab Estimate$ 50,000

A-B Investment

Contract Price	$ 243,460
Wholesale Assignment Fee	$ 20,000
Wholesale Price	$ 263,460

B-C Investment

Purchase Price	$ 263,460
Closing Costs	$ 5,500
Rehab Estimate	$ 50,000
After Repair Value	$ 350,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 340,250
Flipper's Profit	$ -0
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.	89.56 %
Return on Investment	0.00 %
Project Term	4 months

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 263,460
Buying Costs	$ 5,500
Loan Costs & Points	$ 9,095
Total	$ 278,055

Repair Costs
Repair Costs Lump Sum	$ 50,000
Total	$ 50,000

Holding Costs
Monthly Holding Costs	$ 350
Monthly Loan Payments (interest)	$ 2,699
Total Months Held	4
Total	$ 12,195

Selling Costs
Commissions (2.5%)	$ 8,750
Selling Costs	$ 1,000
Total	$ 9,750

10703 N Oregon Ave, Tampa, FL 33612 is a single family home built in 1950. According to the Tampa public records, the property at 10703 N Oregon Ave, Tampa, FL 33612 has approximately 1716 square feet, 3 beds and 1 baths with a lot size of 0.35 acres. Nearby schools include Adams Middle School, Forest Hills Elementary School and Chamberlain High School.

Purchase Price	$ 263,460
Address	10703 N Oregon Ave , Tampa, 33612, FL
Year Built	1950
Type	Singlefamily
Size	1716 SF
Bedrooms	3
Bathrooms	1

Financial Breakdown

Purchase Price	$ 263,460
Purchase Costs	$ 14,595
Repair Costs	$ 50,000
Holding Costs	$ 12,195
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 340,250
Financing	$ 270,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 70,250
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.	$ 8,100
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.	$ 62,150

Project Returns

Gross Rehab Profit	$ -0
Return on Investment	0.00 %
Annualized ROI	0.00 %
Internal Rate of Return	N/A

Timeline Assumptions

Rehab Period	3 months
Listing Period	1 months
Total Holding Period	4 months

Financing		% of ARV
Down Payment	$ 0	0.00 %
Private money	$ 270,000	77.14 %

Private money Financing of: Purchase + Repairs ($ 270,000)
Type	Amortized
Loan Amount	$ 270,000
Down payment (0%)	$ 0
Amortization	30 months
Interest Rate	12.00 %
Monthly Payment	$ 2,777.25

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	$ -220,000				$ 350,000
Financing	$ 270,000				$ -269,686
Closing Costs	$ 14,595				$ -9,750
Holding Costs		$ -350	$ -350	$ -350	$ -350
Rehab Draws		$ -16,667	$ -16,667	$ -16,667
Loan Payment		$ -2,777	$ -2,777	$ -2,777	$ -2,777
Cash Flow	$ 35,405	$ -19,794	$ -19,794	$ -19,794	$ 67,436

Sale Proceeds Breakdown

After Repair Value	$ 350,000
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.	$ 9,750
Repair Costs	$ 50,000
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.	$ 1,400
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.	$ 19,890
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.	$ 268,960
Net Rehab Profit	$ -0

Property Report :

10703 N Oregon Ave, Tampa, FL 33612

Executive Summary