2057 Ridgecrest Dr, , Dunedin FL 34698

2057 Ridgecrest Dr, , Dunedin, FL 34698

Singlefamily:

Investment strategy: Wholesale deal offered to a flipper

Maximum Allowable Offer$ 291,200

Wholesale Fee$ 20,000

Flipper's Profit$ 80,000

Rehab Estimate$ 60,000

A-B Investment

Contract Price	$ 291,200
Wholesale Assignment Fee	$ 20,000
Wholesale Price	$ 311,200

B-C Investment

Purchase Price	$ 311,200
Closing Costs	$ 0
Rehab Estimate	$ 60,000
After Repair Value	$ 480,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 371,200
Flipper's Profit	$ 80,000
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.	77.33 %
Return on Investment	21.55 %
Project Term	35 months

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 311,200
Buying Costs	$ 0
Total	$ 311,200

Repair Costs
Repair Costs Lump Sum	$ 60,000
Total	$ 60,000

Holding Costs
Monthly Holding Costs	$ 0
Total Months Held	35
Total	$ 0

Selling Costs
Commissions (6%)	$ 28,800
Selling Costs	$ 0
Total	$ 28,800

Purchase Price	$ 311,200
Address	2057 Ridgecrest Dr, , Dunedin, 34698, FL
Type	Singlefamily

Financial Breakdown

Purchase Price	$ 311,200
Purchase Costs	$ 0
Repair Costs	$ 60,000
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).	$ 371,200
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 371,200
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.	$ 371,200

Project Returns

Gross Rehab Profit	$ 80,000
Return on Investment	21.55 %
Annualized ROI	7.39 %
Internal Rate of Return	202.15 %

Timeline Assumptions

Rehab Period	33 months
Listing Period	2 months
Total Holding Period	35 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	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	33	34	35
Purchase/Sale																																				$ 480,000
Closing Costs																																				$ -28,800
Holding Costs
Rehab Draws		$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818
Cash Flow	$ 0	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ -1,818	$ 0	$ 451,200

Sale Proceeds Breakdown

After Repair Value	$ 480,000
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.	$ 28,800
Repair Costs	$ 60,000
Holding Costs (35 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.	$ 311,200
Net Rehab Profit	$ 80,000

Property Report :

2057 Ridgecrest Dr, , Dunedin, FL 34698

Executive Summary

2057 Ridgecrest Dr, , Dunedin, FL 34698

A-B Investment

B-C Investment

Total Capital Needed

Total Capital Needed

70% Rule

70% Rule

Project Cost Breakdown

Property Description

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Flip

Cash During Flip

Project Returns

Timeline Assumptions

Financing Overview

Cash Flow Forecast

Resale Analysis

Sale Proceeds Breakdown

Cost of Sale

Cost of Sale

Holding Costs

Holding Costs

Financing

Financing

Purchase incl. Costs

Purchase incl. Costs

Photos

Property Report: 2057 Ridgecrest Dr, , Dunedin WHOLESALE

Property Report :

2057 Ridgecrest Dr, , Dunedin, FL 34698

Executive Summary

2057 Ridgecrest Dr, , Dunedin, FL 34698

A-B Investment

B-C Investment

Total Capital Needed

Total Capital Needed

70% Rule

70% Rule

Project Cost Breakdown

Property Description

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Flip

Cash During Flip

Project Returns

Timeline Assumptions

Financing Overview

Cash Flow Forecast

Resale Analysis

Sale Proceeds Breakdown

Cost of Sale

Cost of Sale

Holding Costs

Holding Costs

Financing

Financing

Purchase incl. Costs

Purchase incl. Costs

Photos