2071 Stratford Ct, Loveland OH 45140

2071 Stratford Ct, Loveland, OH 45140

condo_townhome_rowhome_coop: 3 bedrooms , 1.5 bathrooms

Year built: 1985, Size: 1220 SF

Investment strategy: Fix and Flip

Purchase Price$ 155,000

Rehab Estimate$ 20,000

Project Profit$ 25,896

After Repair Value$ 215,900

Investment Summary

After Repair Value	$ 215,900
Calculated Project Profit	$ 25,896
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.	81.06 %
Return on Investment	14.67 %
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).	$ 176,500
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 176,500

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 155,000
Buying Costs	$ 1,500
Total	$ 156,500

Repair Costs
Repair Costs Lump Sum	$ 20,000
Total	$ 20,000

Holding Costs
Monthly Holding Costs	$ 0
Total Months Held	3
Total	$ 0

Selling Costs
Commissions (6%)	$ 12,954
Selling Costs	$ 550
Total	$ 13,504

2071 Stratford Ct, Loveland, OH 45140 is a condo townhome rowhome coop home built in 1985. According to the Loveland public records, the property at 2071 Stratford Ct, Loveland, OH 45140 has approximately 1220 square feet, 3 beds, 1 full and 1 half baths. Nearby schools include Loveland Elementary School, Loveland High School, Loveland Middle School and Loveland Intermediate School.

Purchase Price	$ 155,000
Address	2071 Stratford Ct , Loveland, 45140, OH
Listing Broker	Coldwell Banker Realty
Year Built	1985
Type	condo_townhome_rowhome_coop
Size	1220 SF
Bedrooms	3
Bathrooms	1.5

Property History

Date	Price	Change	Event
8/16/2017
3/30/2010
9/29/2009

Financial Breakdown

Purchase Price	$ 155,000
Purchase Costs	$ 1,500
Repair Costs	$ 20,000
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).	$ 176,500
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 176,500
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.	$ 176,500

Project Returns

Gross Rehab Profit	$ 25,896
Return on Investment	14.67 %
Annualized ROI	58.68 %
Internal Rate of Return	76.66 %

Timeline Assumptions

Rehab Period	1 months
Listing Period	2 months
Total Holding Period	3 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
Purchase/Sale	$ -155,000			$ 215,900
Closing Costs	$ 1,500			$ -13,504
Holding Costs
Rehab Draws		$ -20,000
Cash Flow	$ -156,500	$ -20,000	$ 0	$ 202,396

Sale Proceeds Breakdown

After Repair Value	$ 215,900
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.	$ 13,504
Repair Costs	$ 20,000
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.	$ 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.	$ 156,500
Net Rehab Profit	$ 25,896

Property Report :

2071 Stratford Ct, Loveland, OH 45140

Executive Summary