2103 S 20th Ave, Broadview IL 60155

2103 S 20th Ave, Broadview, IL 60155

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1934, Size: 1488 SF

Investment strategy: Fix and Flip

Maximum Allowable Offer$ 203,320

Rehab Estimate$ 70,000

Project Profit$ 45,000

After Repair Value$ 340,000

Investment Summary

After Repair Value	$ 340,000
Project Profit	$ 45,000
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.	80.39 %
Return on Investment	16.09 %
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).	$ 279,600
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 279,600

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 203,320
Buying Costs	$ 4,000
Total	$ 207,320

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

Holding Costs
Monthly Holding Costs	$ 570
Total Months Held	4
Total	$ 2,280

Selling Costs
Commissions (3.5%)	$ 11,900
Selling Costs	$ 3,500
Total	$ 15,400

Here is a great home with a lot of potential. 3 bedrooms, 2 full bathrooms, a full/finished basement and a 2 car garage. The large and private backyard is perfect for relaxing and entertaining. Great Broadview location. Less than 3 miles to the Metra Train Station. Less than 2 blocks to the bus stop. This can be an amazing home with a little work. Come see this today!

Purchase Price	$ 203,320
Address	2103 S 20th Ave , Broadview, 60155, IL
MLS^® #	12255010
Listing Agent	Omar Tharani
Year Built	1934
Type	Singlefamily
Size	1488 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Change	Event
12/18/2024	219900		Listed

Financial Breakdown

Purchase Price	$ 203,320
Purchase Costs	$ 4,000
Repair Costs	$ 70,000
Holding Costs	$ 2,280
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 279,600
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 279,600
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.	$ 279,600

Project Returns

Gross Rehab Profit	$ 45,000
Return on Investment	16.09 %
Annualized ROI	48.27 %
Internal Rate of Return	54.69 %

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	$ -208,320				$ 340,000
Closing Costs	$ 4,000				$ -15,400
Holding Costs		$ -570	$ -570	$ -570	$ -570
Rehab Draws		$ -35,000	$ -35,000
Cash Flow	$ -212,320	$ -35,570	$ -35,570	$ -570	$ 324,030

Sale Proceeds Breakdown

After Repair Value	$ 340,000
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.	$ 15,400
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.	$ 2,280
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.	$ 207,320
Net Rehab Profit	$ 45,000

Property Report :

2103 S 20th Ave, Broadview, IL 60155

Executive Summary