Property Report :

12 Linden St, Somerville, MA 02143

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Real Estate Analysis

Created on: Apr 14, 2025

Author: LEONARDO RIBEIRO

Company: CCLR INVESTMENT GROUP

12 Linden St, Somerville, MA 02143

Multifamily: 6 bedrooms , 4 bathrooms

Year built: 1900, Size: 2626 SF

Investment strategy: Fix and Flip

Purchase Price$ 1,530,000

Rehab Estimate$ 1,100,000

Project Profit$ 555,270

After Repair Value$ 3,600,000

Investment Summary

After Repair Value	$ 3,600,000
Calculated Project Profit	$ 555,270
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.	73.06 %
Return on Investment	35.84 %
Project Term	16 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).	$ 2,849,730
Financing	$ 1,300,500
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 1,549,230

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 1,530,000
Buying Costs	$ 15,000
Loan Costs & Points	$ 26,010
Total	$ 1,571,010

Repair Costs
Repair Costs Lump Sum	$ 1,100,000
Total	$ 1,100,000

Holding Costs
Monthly Holding Costs	$ 2,500
Monthly Loan Payments (interest)	$ 8,670
Total Months Held	16
Total	$ 178,720

Selling Costs
Commissions (5%)	$ 180,000
Selling Costs	$ 15,000
Total	$ 195,000

12 Linden St Somerville, MA 02143

$ 3,600,000

Property ARV
Multifamily

Bldg type
2,626

SqFt
$ 1,371

per SqFt
6

Beds
4

Baths

#	Property address	Distance	Beds	Baths	SqFt	Bldg type	Date sold	Sale price	$/SqFt
1	80 Webster Ave Unit 2L	0.2mi	2	2	1,166	condo	9/21/2021	$ 824,000	$ 707
2	85 Munroe St Unit 3	0.3mi	2	1	1,126	condo	8/3/2021	$ 795,000	$ 706
3	60 Bow St Apt F	0.4mi	2	1	611	condo	9/17/2021	$ 473,000	$ 774
4	43 Springfield St Unit 3	0.4mi	3	1	1,050	condo	5/14/2021	$ 770,000	$ 733
5	55 Marion St Unit 55	0.5mi	2	2	1,194	condo	5/28/2021	$ 905,000	$ 758
6	57 Marion St Unit 57	0.5mi	2	2	1,194	condo	7/28/2021	$ 906,000	$ 759
Average:								$ 778,833	$ 740

Financial Breakdown

Purchase Price	$ 1,530,000
Purchase Costs	$ 41,010
Repair Costs	$ 1,100,000
Holding Costs	$ 178,720
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 2,849,730
Financing	$ 1,300,500
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 1,549,230
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.	$ 255,510
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.	$ 1,293,720

Project Returns

Gross Rehab Profit	$ 555,270
Return on Investment	35.84 %
Annualized ROI	26.88 %
Internal Rate of Return	41.18 %

Timeline Assumptions

Rehab Period	12 months
Listing Period	4 months
Total Holding Period	16 months

Sale Proceeds Breakdown

After Repair Value	$ 3,600,000
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.	$ 195,000
Repair Costs	$ 1,100,000
Holding Costs (16 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.	$ 40,000
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.	$ 164,730
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.	$ 1,545,000
Net Rehab Profit	$ 555,270

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