1468 Cleveland St, Clearwater FL 33755

1468 Cleveland St, Clearwater, FL 33755

Singlefamily: 4 bedrooms , 2 bathrooms

Year built: 1948, Size: 1983 SF

Investment strategy: Fix and Flip

Purchase Price$ 192,500

Rehab Estimate$ 25,000

Project Profit$ 36,763

After Repair Value$ 280,000

Investment Summary

After Repair Value	$ 280,000
Calculated Project Profit	$ 36,763
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.	77.68 %
Return on Investment	252.88 %
Project Term	3 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).	$ 232,038
Financing	$ 217,500
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 14,538

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 192,500
Buying Costs	$ 3,850
Loan Costs & Points	$ 4,350
Total	$ 200,700

Repair Costs
Repair Costs Lump Sum	$ 25,000
Total	$ 25,000

Holding Costs
Monthly Holding Costs	$ 300
Monthly Loan Payments (interest)	$ 1,813
Total Months Held	3
Total	$ 6,338

Selling Costs
Commissions (4%)	$ 11,200
Selling Costs	$ 0
Total	$ 11,200

APPROVED PRICE BY THE LENDER Great 4 bedroom 2 bath house, was renovated within the last approx 3 years, this includes roof, a/c, kitchen, bathrooms etc. House has a ton of charm, with it's split plan, and open feeling. Big fenced back yard. Come take a look and make an offer today!

Purchase Price	$ 192,500
Address	1468 Cleveland St , Clearwater, 33755, FL
Year Built	1948
Type	Singlefamily
Size	1983 SF
Bedrooms	4
Bathrooms	2

Financial Breakdown

Purchase Price	$ 192,500
Purchase Costs	$ 8,200
Repair Costs	$ 25,000
Holding Costs	$ 6,338
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 232,038
Financing	$ 217,500
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 14,538
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.	$ 4,350
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.	$ 10,188

Project Returns

Gross Rehab Profit	$ 36,763
Return on Investment	252.88 %
Annualized ROI	1,011.52 %
Internal Rate of Return	N/A

Timeline Assumptions

Rehab Period	1 months
Listing Period	2 months
Total Holding Period	3 months

Financing		% of ARV
Down Payment	$ 0	0.00 %
Loan	$ 217,500	77.68 %

Loan Financing of: Purchase + Repairs ($ 217,500)
Type	Interest-Only
Loan Amount	$ 217,500
Down payment (0%)	$ 0
Loan term	3 months
Interest Rate	10.00 %
Monthly Payment	$ 1,812.50

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 10.00% p.a.

Month	0	1	2	3
Purchase/Sale	$ -192,500			$ 280,000
Financing	$ 217,500			$ -217,500
Closing Costs	$ 8,200			$ -11,200
Holding Costs		$ -300	$ -300	$ -300
Rehab Draws		$ -25,000
Loan Payment		$ -1,813	$ -1,813	$ -1,813
Cash Flow	$ 16,800	$ -27,113	$ -2,113	$ 49,188

Sale Proceeds Breakdown

After Repair Value	$ 280,000
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.	$ 11,200
Repair Costs	$ 25,000
Holding Costs (3 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.	$ 900
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.	$ 9,788
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.	$ 196,350
Net Rehab Profit	$ 36,763

Property Report :

1468 Cleveland St, Clearwater, FL 33755

Executive Summary