Property Report :

Chimney Corner

18 Chimney Corner Ln, Greenwich, CT 06830

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Real Estate Analysis

Created on: Apr 15, 2025

Author: Severin White

18 Chimney Corner Ln, Greenwich, CT 06830

Singlefamily: 10 rooms: 4 bedrooms , 6 bathrooms

Year built: 2001, Size: 6333 SF

Investment strategy: Fix and Flip

Maximum Allowable Offer$ 5,756,733

Rehab Estimate$ 4,500,000

Project Profit$ 3,000,000

After Repair Value$ 14,500,000

Investment Summary

After Repair Value	$ 14,500,000
Project Profit	$ 3,000,000
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.	70.74 %
Return on Investment	42.77 %
Project Term	32 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).	$ 11,015,000
Financing	$ 4,000,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 7,015,000

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 5,756,733
Buying Costs	$ 50,000
Total	$ 5,806,733

Repair Costs
Repair Costs Lump Sum	$ 4,500,000
Total	$ 4,500,000

Holding Costs
Monthly Holding Costs	$ 8,800
Monthly Loan Payments (interest)	$ 13,333
Total Months Held	32
Total	$ 708,267

Selling Costs
Commissions (3%)	$ 435,000
Selling Costs	$ 50,000
Total	$ 485,000

Purchase Price	$ 5,756,733
Address	18 Chimney Corner Ln , Greenwich, 06830, CT
Year Built	2001
Type	Singlefamily
Size	6333 SF
Bedrooms	4
Bathrooms	6
Rooms Total	10

Month	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30	31	32
Purchase/Sale	$ -5,756,733																																$ 14,500,000
Financing	$ 4,000,000																																$ -4,000,000
Closing Costs	$ 50,000																																$ -485,000
Holding Costs		$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800	$ -8,800
Rehab Draws		$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500	$ -187,500
Loan Payment		$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333	$ -13,333
Cash Flow	$ -1,806,733	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -209,633	$ -22,133	$ -22,133	$ -22,133	$ -22,133	$ -22,133	$ -22,133	$ -22,133	$ 9,992,867

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