21025 Cambridge Ln, Olympia Fields IL 60461

21025 Cambridge Ln, Olympia Fields, IL 60461

Singlefamily: 3 bedrooms , 3 bathrooms

Year built: 1979, Size: 2154 SF

Investment strategy: Fix and Flip

Purchase Price$ 208,645

Rehab Estimate$ 70,000

Project Profit$ 47,653

After Repair Value$ 350,000

Investment Summary

After Repair Value	$ 350,000
Calculated Project Profit	$ 47,653
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.	79.61 %
Return on Investment	16.63 %
Project Term	4 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).	$ 286,597
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 286,597

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 208,645
Buying Costs	$ 4,000
Total	$ 212,645

Repair Costs
Repair Costs Lump Sum	$ 70,000
Total	$ 70,000

Holding Costs
Monthly Holding Costs	$ 988
Total Months Held	4
Total	$ 3,952

Selling Costs
Commissions (3.5%)	$ 12,250
Selling Costs	$ 3,500
Total	$ 15,750

Purchase Price	$ 208,645
Address	21025 Cambridge Ln , Olympia Fields, 60461, IL
MLS^® #	12153902
Listing Agent	Jennifer Upshaw
Year Built	1979
Type	Singlefamily
Size	2154 SF
Bedrooms	3
Bathrooms	3

Property History

Date	Price	Event
10/19/2024	200000	Relisted
9/12/2024		Listing removed
9/3/2024	200000	Listed

Financial Breakdown

Purchase Price	$ 208,645
Purchase Costs	$ 4,000
Repair Costs	$ 70,000
Holding Costs	$ 3,952
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 286,597
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 286,597
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.	$ 286,597

Project Returns

Gross Rehab Profit	$ 47,653
Return on Investment	16.63 %
Annualized ROI	49.89 %
Internal Rate of Return	66.65 %

Timeline Assumptions

Rehab Period	2 months
Listing Period	2 months
Total Holding Period	4 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
Purchase/Sale	$ -208,645				$ 350,000
Closing Costs	$ 4,000				$ -15,750
Holding Costs		$ -988	$ -988	$ -988	$ -988
Rehab Draws		$ -35,000	$ -35,000
Cash Flow	$ -212,645	$ -35,988	$ -35,988	$ -988	$ 333,262

Sale Proceeds Breakdown

After Repair Value	$ 350,000
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.	$ 15,750
Repair Costs	$ 70,000
Holding Costs (4 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.	$ 3,952
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.	$ 212,645
Net Rehab Profit	$ 47,653

Property Report :

21025 Cambridge Ln, Olympia Fields, IL 60461

Executive Summary