Property Report :

1104 38 St NW, Edmonton, T6L 2K9

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Real Estate Analysis

Created on: Apr 16, 2025

Author: Bikram Bathh

1104 38 St NW, Edmonton, T6L 2K9

Singlefamily:

Investment strategy: Fix and Flip

Purchase Price$ 260,000

Rehab Estimate$ 30,000

Project Profit$ 19,617

After Repair Value$ 330,000

Investment Summary

After Repair Value	$ 330,000
Calculated Project Profit	$ 19,617
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.	87.88 %
Return on Investment	22.00 %
Project Term	6 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).	$ 297,183
Financing	$ 208,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 89,183

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 260,000
Buying Costs	$ 2,000
Total	$ 262,000

Repair Costs
Repair Costs Lump Sum	$ 30,000
Total	$ 30,000

Holding Costs
Monthly Holding Costs	$ 350
Monthly Loan Payments (interest)	$ 514
Total Months Held	6
Total	$ 5,183

Selling Costs
Commissions (4%)	$ 13,200
Selling Costs	$ 0
Total	$ 13,200

Purchase Price	$ 260,000
Address	1104 38 St NW , Edmonton, T6L 2K9, CA
Type	Singlefamily

Month	0	1	2	3	4	5	6
Purchase/Sale	$ -260,000						$ 330,000
Financing	$ 208,000						$ -205,177
Closing Costs	$ 2,000						$ -13,200
Holding Costs		$ -350	$ -350	$ -350	$ -350	$ -350	$ -350
Rehab Draws		$ -10,000	$ -10,000	$ -10,000
Loan Payment		$ -984	$ -984	$ -984	$ -984	$ -984	$ -984
Cash Flow	$ -54,000	$ -11,334	$ -11,334	$ -11,334	$ -1,334	$ -1,334	$ 110,289

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