286 Patton Rd, Griffin GA 30224

286 Patton Rd, Griffin, GA 30224

Singlefamily:

Investment strategy: Fix and Flip

Purchase Price$ 79,000

Rehab Estimate$ 30,000

Project Profit$ 12,708

After Repair Value$ 140,000

Investment Summary

After Repair Value	$ 140,000
Calculated Project Profit	$ 12,708
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.	77.86 %
Return on Investment	26.59 %
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).	$ 118,892
Financing	$ 71,100
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 47,792

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 79,000
Buying Costs	$ 4,000
Loan Costs & Points	$ 1,922
Total	$ 84,922

Repair Costs
Repair Costs Lump Sum	$ 30,000
Total	$ 30,000

Holding Costs
Monthly Holding Costs	$ 400
Monthly Loan Payments (interest)	$ 593
Total Months Held	4
Total	$ 3,970

Selling Costs
Commissions (6%)	$ 8,400
Selling Costs	$ 0
Total	$ 8,400

Purchase Price	$ 79,000
Address	286 Patton Rd , Griffin, 30224, GA
MLS^® #	8661497
Type	Singlefamily

286 Patton Rd Griffin, GA 30224

$ 140,000

Property ARV
Singlefamily

Bldg type

#	Property address	Distance	Beds	Baths	SqFt	Date sold	Sale price	$/SqFt
1	Caldwell Rd	1.3mi	3	1.0	916	07/01/2019	$ 73,400	$ 80
2	110 Buck Trl	2.1mi			0	04/15/2019	$ 76,000	$ 0
3	1491 Patton Rd	0.8mi	3	2.0	1,135	07/16/2019	$ 45,000	$ 40
4	11491 Highway 19 N	1.0mi	3	2.0	1,467	08/01/2019	$ 150,000	$ 102
5	Heritage Lake Dr	1.9mi			0	11/30/2018	$ 55,000	$ 0
6	14814 Highway 19	2.4mi		1.0	1,704	07/26/2019	$ 50,000	$ 29
Average:							$ 74,900	$ 42

Financial Breakdown

Purchase Price	$ 79,000
Purchase Costs	$ 5,922
Repair Costs	$ 30,000
Holding Costs	$ 3,970
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 118,892
Financing	$ 71,100
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 47,792
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.	$ 9,322
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.	$ 38,470

Project Returns

Gross Rehab Profit	$ 12,708
Return on Investment	26.59 %
Annualized ROI	79.77 %
Internal Rate of Return	195.31 %

Timeline Assumptions

Rehab Period	3 months
Listing Period	1 months
Total Holding Period	4 months

Financing		% of ARV
Down Payment	$ 7,900	5.64 %
1. Loan	$ 71,100	50.79 %
2. Loan	$ 0	0.00 %

1. Loan Financing of: Purchase price ($ 79,000)
Type	Interest-Only
Loan Amount	$ 71,100
Down payment (10%)	$ 7,900
Loan term	4 months
Interest Rate	10.00 %
Monthly Payment	$ 592.50

2. Loan Financing of:
Type	Interest-Only
Loan Amount	$ 0
Down payment (0%)	$ 0
Loan term	4 months
Interest Rate	0.00 %
Monthly Payment	$ 0.00

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 10.00% p.a.

Sale Proceeds Breakdown

After Repair Value	$ 140,000
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.	$ 8,400
Repair Costs	$ 30,000
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.	$ 1,600
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.	$ 4,292
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.	$ 83,000
Net Rehab Profit	$ 12,708

Lender Summary 1. Loan

Financing of: Purchase price
Type: Interest-Only
Loan term: 4 months

Loan Assumptions		% of ARV
After Repair Value	$ 140,000	100.00 %
Purchase Price	$ 79,000	56.43 %
Purchase Costs	$ 5,922	4.23 %
Repair Costs	$ 30,000	21.43 %
Holding Costs	$ 3,970	2.84 %
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 118,892	84.92 %
Financed Amount	$ 79,000	56.43 %
Down payment (10%)	$ 7,900	5.64 %
Loan Amount	$ 71,100	50.79 %

Lender Returns
Interest Rate	10.00 %
Interest Income	$ 2,370
Points (2.000)	$ 1,422
Fees	$ 500
Total Income to Lender	$ 4,292
Lender's ROI	6.04 %
Lender's Annualized ROI	18.12 %

Lender Summary 2. Loan

Financing of:
Type: Interest-Only
Loan term: 4 months

Loan Assumptions		% of ARV
After Repair Value	$ 140,000	100.00 %
Purchase Price	$ 79,000	56.43 %
Purchase Costs	$ 5,922	4.23 %
Repair Costs	$ 30,000	21.43 %
Holding Costs	$ 3,970	2.84 %
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 118,892	84.92 %
Financed Amount	$ 0	0.00 %
Down payment (0%)	$ 0	0.00 %
Loan Amount	$ 0	0.00 %

Lender Returns
Total Income to Lender	$ 0
Lender's ROI	0.00 %
Lender's Annualized ROI	0.00 %

Property Report: 286 Patton Rd, Griffin FIX & FLIP

Property Report :

286 Patton Rd, Griffin, GA 30224

Executive Summary