12615 76th Ave, Seminole FL 33776

12615 76th Ave, Seminole, FL 33776

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1975, Size: 1544 SF

Investment strategy: Fix and Flip

Maximum Allowable Offer$ 514,000

Rehab Estimate$ 0

Project Profit$ 50,000

After Repair Value$ 600,000

Investment Summary

After Repair Value	$ 600,000
Project Profit	$ 50,000
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.	85.67 %
Return on Investment	9.73 %
Project Term	0 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).	$ 514,000
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 514,000

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 514,000
Buying Costs	$ 0
Total	$ 514,000

Repair Costs
Repair Costs Lump Sum	$ 0
Total	$ 0

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

Selling Costs
Commissions (6%)	$ 36,000
Selling Costs	$ 0
Total	$ 36,000

Purchase Price	$ 514,000
Address	12615 76th Ave , Seminole, 33776, FL
Year Built	1975
Type	Singlefamily
Size	1544 SF
Bedrooms	3
Bathrooms	2

12615 76th Ave Seminole, FL 33776

$ 600,000

Property ARV
Singlefamily

Bldg type
1,544

SqFt
$ 389

per SqFt
3

Beds
2

Baths

#	Property address	Distance	Beds	Baths	SqFt	Bldg type	Date sold	Sale price	$/SqFt
1	8193 128th St	0.4mi	3	2	1,524	single_family	6/27/2024	$ 682,000	$ 448
2	7394 121st Way N	0.4mi	3	2	1,551	single_family	6/26/2024	$ 545,000	$ 351
3	11971 79th Ave	0.5mi	3	2	1,556	single_family	7/29/2024	$ 520,000	$ 334
Average:								$ 582,333	$ 378

Financial Breakdown

Purchase Price	$ 514,000
Purchase Costs	$ 0
Repair Costs	$ 0
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).	$ 514,000
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 514,000
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.	$ 514,000

Project Returns

Gross Rehab Profit	$ 50,000
Return on Investment	9.73 %
Annualized ROI	0.00 %
Internal Rate of Return	N/A

Timeline Assumptions

Rehab Period	months
Listing Period	months
Total Holding Period	0 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
Purchase/Sale	$ 600,000
Closing Costs	$ -36,000
Holding Costs
Rehab Draws
Cash Flow	$ -514,000

Sale Proceeds Breakdown

After Repair Value	$ 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.	$ 36,000
Repair Costs	$ 0
Holding Costs (0 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.	$ 514,000
Net Rehab Profit	$ 50,000

Property Report: 12615 76th Ave, Seminole FIX & FLIP

Property Report :

12615 76th Ave, Seminole, FL 33776

Executive Summary