Property Report :

23 Edgewood Ct. Hot Springs, VA 24445

23 Edgewood Ct, Hot Springs, VA 24445

Real Estate Analysis

Created on: Apr 15, 2025

Author: Lisa Lockworth Conner

23 Edgewood Ct, Hot Springs, VA 24445

Singlefamily:

Investment strategy: Fix and Flip

Purchase Price$ 255,000

Rehab Estimate$ 2,000

Project Profit$ 84,800

After Repair Value$ 395,000

Investment Summary

After Repair Value	$ 395,000
Calculated Project Profit	$ 84,800
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.	65.06 %
Return on Investment	29.91 %
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).	$ 283,500
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 283,500

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 255,000
Buying Costs	$ 2,500
Total	$ 257,500

Repair Costs
Exterior Repair Costs	$ 2,000
Total	$ 2,000

Holding Costs
Monthly Holding Costs	$ 6,000
Total Months Held	4
Total	$ 24,000

Selling Costs
Commissions (6%)	$ 23,700
Selling Costs	$ 3,000
Total	$ 26,700

Purchase Price	$ 255,000
Address	23 Edgewood Ct , Hot Springs, 24445, VA
Type	Singlefamily

Breakdown by Scope of Work

Foundation Foundation Includes excavation, foundation, structural concrete. Foundation Includes excavation, foundation, structural concrete.	N/A	Doors & Windows Doors & Windows Includes exterior doors, windows, screens, skylights. Doors & Windows Includes exterior doors, windows, screens, skylights.	N/A	Plumbing Plumbing Includes kitchen and bathroom faucets, bathtubs, shower stalls and toilets. Plumbing Includes kitchen and bathroom faucets, bathtubs, shower stalls and toilets.	N/A	Painting Painting Includes interior painting of walls, doors & frames. Painting Includes interior painting of walls, doors & frames.	N/A
Concrete Concrete Includes conrete and flatwork such as asphalt and pavers. Concrete Includes conrete and flatwork such as asphalt and pavers.	N/A	Garage Garage Includes garage doors and repairs. Garage Includes garage doors and repairs.	N/A	HVAC HVAC Includes replacement of AC units, air-grilles, heaters. HVAC Includes replacement of AC units, air-grilles, heaters.	N/A	Appliances Appliances Includes refrigerators, ranges, dishwashers, microwaves Appliances Includes refrigerators, ranges, dishwashers, microwaves	N/A
Masonry Masonry Includes natural stone, bricks, chimney repairs. Masonry Includes natural stone, bricks, chimney repairs.	N/A	Landscaping Landscaping Includes landscaping, fencing, ext. structures, pools. Landscaping Includes landscaping, fencing, ext. structures, pools.	N/A	Tiling Tiling Includes tiles and backsplashes in kitchen, bathroom and fireplace tiling. Tiling Includes tiles and backsplashes in kitchen, bathroom and fireplace tiling.	N/A	Dumpster Dumpster Includes dumpster rental, storage container, etc. Dumpster Includes dumpster rental, storage container, etc.	N/A
Siding & Paint Siding & Paint Includes vinyl, fiber cement, wood siding or exterior painting. Siding & Paint Includes vinyl, fiber cement, wood siding or exterior painting.	N/A	Demolition Demolition Includes room and building demolition, asbestos and mold abatement. Demolition Includes room and building demolition, asbestos and mold abatement.	N/A	Doors & Trim Doors & Trim Includes interior and closet doors, crown molding and trims. Doors & Trim Includes interior and closet doors, crown molding and trims.	N/A	Permits & Fees Permits & Fees Includes building permits, architect and engineering fees. Permits & Fees Includes building permits, architect and engineering fees.	N/A
Decks & Porches Decks & Porches Includes decking, patios, porches and railing. Decks & Porches Includes decking, patios, porches and railing.	$ 2,000	Framing & Drywall Framing & Drywall Includes framing, insulation, walls/ceiling drywall and texturing. Framing & Drywall Includes framing, insulation, walls/ceiling drywall and texturing.	N/A	Flooring Flooring Includes carpeting, sheet vinyl, vinyl tiles, laminate, hardwood flooring and refinishing Flooring Includes carpeting, sheet vinyl, vinyl tiles, laminate, hardwood flooring and refinishing	N/A	Miscellaneous Miscellaneous Includes fuel/gas expense, final cleaning. Miscellaneous Includes fuel/gas expense, final cleaning.	N/A
Roofing Roofing Includes roof materials, gutters, soffits, fascias repairs or replacement. Roofing Includes roof materials, gutters, soffits, fascias repairs or replacement.	N/A	Electrical Electrical Includes various electrical repairs, light fixtures, smoke detectors. Electrical Includes various electrical repairs, light fixtures, smoke detectors.	N/A	Cabinets Cabinets Includes countertops, cabinets in kitchen and bathrooms. Cabinets Includes countertops, cabinets in kitchen and bathrooms.	N/A
Foundation Foundation Includes excavation, foundation, structural concrete. Foundation Includes excavation, foundation, structural concrete.	N/A	Landscaping Landscaping Includes landscaping, fencing, ext. structures, pools. Landscaping Includes landscaping, fencing, ext. structures, pools.	N/A	Flooring Flooring Includes carpeting, sheet vinyl, vinyl tiles, laminate, hardwood flooring and refinishing Flooring Includes carpeting, sheet vinyl, vinyl tiles, laminate, hardwood flooring and refinishing	N/A
Concrete Concrete Includes conrete and flatwork such as asphalt and pavers. Concrete Includes conrete and flatwork such as asphalt and pavers.	N/A	Demolition Demolition Includes room and building demolition, asbestos and mold abatement. Demolition Includes room and building demolition, asbestos and mold abatement.	N/A	Cabinets Cabinets Includes countertops, cabinets in kitchen and bathrooms. Cabinets Includes countertops, cabinets in kitchen and bathrooms.	N/A
Masonry Masonry Includes natural stone, bricks, chimney repairs. Masonry Includes natural stone, bricks, chimney repairs.	N/A	Framing & Drywall Framing & Drywall Includes framing, insulation, walls/ceiling drywall and texturing. Framing & Drywall Includes framing, insulation, walls/ceiling drywall and texturing.	N/A	Painting Painting Includes interior painting of walls, doors & frames. Painting Includes interior painting of walls, doors & frames.	N/A
Siding & Paint Siding & Paint Includes vinyl, fiber cement, wood siding or exterior painting. Siding & Paint Includes vinyl, fiber cement, wood siding or exterior painting.	N/A	Electrical Electrical Includes various electrical repairs, light fixtures, smoke detectors. Electrical Includes various electrical repairs, light fixtures, smoke detectors.	N/A	Appliances Appliances Includes refrigerators, ranges, dishwashers, microwaves Appliances Includes refrigerators, ranges, dishwashers, microwaves	N/A
Decks & Porches Decks & Porches Includes decking, patios, porches and railing. Decks & Porches Includes decking, patios, porches and railing.	$ 2,000	Plumbing Plumbing Includes kitchen and bathroom faucets, bathtubs, shower stalls and toilets. Plumbing Includes kitchen and bathroom faucets, bathtubs, shower stalls and toilets.	N/A	Dumpster Dumpster Includes dumpster rental, storage container, etc. Dumpster Includes dumpster rental, storage container, etc.	N/A
Roofing Roofing Includes roof materials, gutters, soffits, fascias repairs or replacement. Roofing Includes roof materials, gutters, soffits, fascias repairs or replacement.	N/A	HVAC HVAC Includes replacement of AC units, air-grilles, heaters. HVAC Includes replacement of AC units, air-grilles, heaters.	N/A	Permits & Fees Permits & Fees Includes building permits, architect and engineering fees. Permits & Fees Includes building permits, architect and engineering fees.	N/A
Doors & Windows Doors & Windows Includes exterior doors, windows, screens, skylights. Doors & Windows Includes exterior doors, windows, screens, skylights.	N/A	Tiling Tiling Includes tiles and backsplashes in kitchen, bathroom and fireplace tiling. Tiling Includes tiles and backsplashes in kitchen, bathroom and fireplace tiling.	N/A	Miscellaneous Miscellaneous Includes fuel/gas expense, final cleaning. Miscellaneous Includes fuel/gas expense, final cleaning.	N/A
Garage Garage Includes garage doors and repairs. Garage Includes garage doors and repairs.	N/A	Doors & Trim Doors & Trim Includes interior and closet doors, crown molding and trims. Doors & Trim Includes interior and closet doors, crown molding and trims.	N/A
Foundation Foundation Includes excavation, foundation, structural concrete. Foundation Includes excavation, foundation, structural concrete.	N/A	Plumbing Plumbing Includes kitchen and bathroom faucets, bathtubs, shower stalls and toilets. Plumbing Includes kitchen and bathroom faucets, bathtubs, shower stalls and toilets.	N/A
Concrete Concrete Includes conrete and flatwork such as asphalt and pavers. Concrete Includes conrete and flatwork such as asphalt and pavers.	N/A	HVAC HVAC Includes replacement of AC units, air-grilles, heaters. HVAC Includes replacement of AC units, air-grilles, heaters.	N/A
Masonry Masonry Includes natural stone, bricks, chimney repairs. Masonry Includes natural stone, bricks, chimney repairs.	N/A	Tiling Tiling Includes tiles and backsplashes in kitchen, bathroom and fireplace tiling. Tiling Includes tiles and backsplashes in kitchen, bathroom and fireplace tiling.	N/A
Siding & Paint Siding & Paint Includes vinyl, fiber cement, wood siding or exterior painting. Siding & Paint Includes vinyl, fiber cement, wood siding or exterior painting.	N/A	Doors & Trim Doors & Trim Includes interior and closet doors, crown molding and trims. Doors & Trim Includes interior and closet doors, crown molding and trims.	N/A
Decks & Porches Decks & Porches Includes decking, patios, porches and railing. Decks & Porches Includes decking, patios, porches and railing.	$ 2,000	Flooring Flooring Includes carpeting, sheet vinyl, vinyl tiles, laminate, hardwood flooring and refinishing Flooring Includes carpeting, sheet vinyl, vinyl tiles, laminate, hardwood flooring and refinishing	N/A
Roofing Roofing Includes roof materials, gutters, soffits, fascias repairs or replacement. Roofing Includes roof materials, gutters, soffits, fascias repairs or replacement.	N/A	Cabinets Cabinets Includes countertops, cabinets in kitchen and bathrooms. Cabinets Includes countertops, cabinets in kitchen and bathrooms.	N/A
Doors & Windows Doors & Windows Includes exterior doors, windows, screens, skylights. Doors & Windows Includes exterior doors, windows, screens, skylights.	N/A	Painting Painting Includes interior painting of walls, doors & frames. Painting Includes interior painting of walls, doors & frames.	N/A
Garage Garage Includes garage doors and repairs. Garage Includes garage doors and repairs.	N/A	Appliances Appliances Includes refrigerators, ranges, dishwashers, microwaves Appliances Includes refrigerators, ranges, dishwashers, microwaves	N/A
Landscaping Landscaping Includes landscaping, fencing, ext. structures, pools. Landscaping Includes landscaping, fencing, ext. structures, pools.	N/A	Dumpster Dumpster Includes dumpster rental, storage container, etc. Dumpster Includes dumpster rental, storage container, etc.	N/A
Demolition Demolition Includes room and building demolition, asbestos and mold abatement. Demolition Includes room and building demolition, asbestos and mold abatement.	N/A	Permits & Fees Permits & Fees Includes building permits, architect and engineering fees. Permits & Fees Includes building permits, architect and engineering fees.	N/A
Framing & Drywall Framing & Drywall Includes framing, insulation, walls/ceiling drywall and texturing. Framing & Drywall Includes framing, insulation, walls/ceiling drywall and texturing.	N/A	Miscellaneous Miscellaneous Includes fuel/gas expense, final cleaning. Miscellaneous Includes fuel/gas expense, final cleaning.	N/A
Electrical Electrical Includes various electrical repairs, light fixtures, smoke detectors. Electrical Includes various electrical repairs, light fixtures, smoke detectors.	N/A
Foundation Foundation Includes excavation, foundation, structural concrete. Foundation Includes excavation, foundation, structural concrete.	N/A
Concrete Concrete Includes conrete and flatwork such as asphalt and pavers. Concrete Includes conrete and flatwork such as asphalt and pavers.	N/A
Masonry Masonry Includes natural stone, bricks, chimney repairs. Masonry Includes natural stone, bricks, chimney repairs.	N/A
Siding & Paint Siding & Paint Includes vinyl, fiber cement, wood siding or exterior painting. Siding & Paint Includes vinyl, fiber cement, wood siding or exterior painting.	N/A
Decks & Porches Decks & Porches Includes decking, patios, porches and railing. Decks & Porches Includes decking, patios, porches and railing.	$ 2,000
Roofing Roofing Includes roof materials, gutters, soffits, fascias repairs or replacement. Roofing Includes roof materials, gutters, soffits, fascias repairs or replacement.	N/A
Doors & Windows Doors & Windows Includes exterior doors, windows, screens, skylights. Doors & Windows Includes exterior doors, windows, screens, skylights.	N/A
Garage Garage Includes garage doors and repairs. Garage Includes garage doors and repairs.	N/A
Landscaping Landscaping Includes landscaping, fencing, ext. structures, pools. Landscaping Includes landscaping, fencing, ext. structures, pools.	N/A
Demolition Demolition Includes room and building demolition, asbestos and mold abatement. Demolition Includes room and building demolition, asbestos and mold abatement.	N/A
Framing & Drywall Framing & Drywall Includes framing, insulation, walls/ceiling drywall and texturing. Framing & Drywall Includes framing, insulation, walls/ceiling drywall and texturing.	N/A
Electrical Electrical Includes various electrical repairs, light fixtures, smoke detectors. Electrical Includes various electrical repairs, light fixtures, smoke detectors.	N/A
Plumbing Plumbing Includes kitchen and bathroom faucets, bathtubs, shower stalls and toilets. Plumbing Includes kitchen and bathroom faucets, bathtubs, shower stalls and toilets.	N/A
HVAC HVAC Includes replacement of AC units, air-grilles, heaters. HVAC Includes replacement of AC units, air-grilles, heaters.	N/A
Tiling Tiling Includes tiles and backsplashes in kitchen, bathroom and fireplace tiling. Tiling Includes tiles and backsplashes in kitchen, bathroom and fireplace tiling.	N/A
Doors & Trim Doors & Trim Includes interior and closet doors, crown molding and trims. Doors & Trim Includes interior and closet doors, crown molding and trims.	N/A
Flooring Flooring Includes carpeting, sheet vinyl, vinyl tiles, laminate, hardwood flooring and refinishing Flooring Includes carpeting, sheet vinyl, vinyl tiles, laminate, hardwood flooring and refinishing	N/A
Cabinets Cabinets Includes countertops, cabinets in kitchen and bathrooms. Cabinets Includes countertops, cabinets in kitchen and bathrooms.	N/A
Painting Painting Includes interior painting of walls, doors & frames. Painting Includes interior painting of walls, doors & frames.	N/A
Appliances Appliances Includes refrigerators, ranges, dishwashers, microwaves Appliances Includes refrigerators, ranges, dishwashers, microwaves	N/A
Dumpster Dumpster Includes dumpster rental, storage container, etc. Dumpster Includes dumpster rental, storage container, etc.	N/A
Permits & Fees Permits & Fees Includes building permits, architect and engineering fees. Permits & Fees Includes building permits, architect and engineering fees.	N/A
Miscellaneous Miscellaneous Includes fuel/gas expense, final cleaning. Miscellaneous Includes fuel/gas expense, final cleaning.	N/A
								Total Rehab Estimate	$ 2,000

Financial Breakdown

Purchase Price	$ 255,000
Purchase Costs	$ 2,500
Repair Costs	$ 2,000
Holding Costs	$ 24,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 283,500
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 283,500
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.	$ 283,500

Project Returns

Gross Rehab Profit	$ 84,800
Return on Investment	29.91 %
Annualized ROI	89.73 %
Internal Rate of Return	128.66 %

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	$ -255,000				$ 395,000
Closing Costs	$ 2,500				$ -26,700
Holding Costs		$ -6,000	$ -6,000	$ -6,000	$ -6,000
Rehab Draws		$ -1,000	$ -1,000
Cash Flow	$ -257,500	$ -7,000	$ -7,000	$ -6,000	$ 362,300

Sale Proceeds Breakdown

After Repair Value	$ 395,000
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.	$ 26,700
Repair Costs	$ 2,000
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.	$ 24,000
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.	$ 257,500
Net Rehab Profit	$ 84,800

There is no financing selected in this deal.

Property Report: 23 Edgewood Ct. Hot Springs, VA 24445 FIX & FLIP

Property Report :

23 Edgewood Ct. Hot Springs, VA 24445

23 Edgewood Ct, Hot Springs, VA 24445

Executive Summary

23 Edgewood Ct, Hot Springs, VA 24445

Investment Summary

70% Rule

70% Rule

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Project Cost Breakdown

Property Description

Rehab Estimates

Breakdown by Scope of Work

Foundation

Foundation

Doors & Windows

Doors & Windows

Plumbing

Plumbing

Painting

Painting

Concrete

Concrete

Garage

Garage

HVAC

HVAC

Appliances

Appliances

Masonry

Masonry

Landscaping

Landscaping

Tiling

Tiling

Dumpster

Dumpster

Siding & Paint

Siding & Paint

Demolition

Demolition

Doors & Trim

Doors & Trim

Permits & Fees

Permits & Fees

Decks & Porches

Decks & Porches

Framing & Drywall

Framing & Drywall

Flooring

Flooring

Miscellaneous

Miscellaneous

Roofing

Roofing

Electrical

Electrical

Cabinets

Cabinets

Foundation

Foundation

Landscaping

Landscaping

Flooring

Flooring

Concrete

Concrete

Demolition

Demolition

Cabinets

Cabinets

Masonry

Masonry

Framing & Drywall

Framing & Drywall