Luxury Historic Flip at Oak Ave - Tampa: 307 E Oak Ave Tampa, Tampa FL 33602 | Zilculator: Real Estate Analysis & Marketing

307 E Oak Ave Tampa, Tampa, FL 33602

Singlefamily: 3 bedrooms , 1 bathroom

Year built: 1917, Size: 1870 SF

Investment strategy: Fix and Flip

We will remodel and historic contributing property located in the vibrant Tampa Heights surrounded by new commercial and residential developmet projects, less than a mile from Downtown Tampa, and ~$1M townhomes . Project aims to transform attic into a livable sqft increasing the sqft by over 1,000 sqft yielding a layout of 4BD/3BTH + office + in-law suite in the back over a 1.5 car carage.

Purchase Price$ 600,000

Rehab Estimate$ 420,000

Project Profit$ 275,650

After Repair Value$ 1,400,000

Investment Summary

After Repair Value	$ 1,400,000
Calculated Project Profit	$ 275,650
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.	72.86 %
Return on Investment	26.82 %
Project Term	14 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).	$ 1,027,850
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 1,027,850

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 600,000
Buying Costs	$ 850
Total	$ 600,850

Repair Costs
Exterior Repair Costs	$ 167,000
Interior Repair Costs	$ 158,500
General Repair Costs	$ 24,500
Other Repair Costs	$ 70,000
Total	$ 420,000

Holding Costs
Monthly Holding Costs	$ 500
Total Months Held	14
Total	$ 7,000

Selling Costs
Commissions (4.5%)	$ 63,000
Selling Costs	$ 33,500
Total	$ 96,500

Month	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14
Purchase/Sale	$ -600,000														$ 1,400,000
Closing Costs	$ 850														$ -96,500
Holding Costs		$ -500	$ -500	$ -500	$ -500	$ -500	$ -500	$ -500	$ -500	$ -500	$ -500	$ -500	$ -500	$ -500	$ -500
Rehab Draws		$ -35,000	$ -35,000	$ -35,000	$ -35,000	$ -35,000	$ -35,000	$ -35,000	$ -35,000	$ -35,000	$ -35,000	$ -35,000	$ -35,000
Cash Flow	$ -600,850	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -35,500	$ -500	$ 1,303,000

Sale Proceeds Breakdown

After Repair Value	$ 1,400,000
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.	$ 96,500
Repair Costs	$ 420,000
Holding Costs (14 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.	$ 7,000
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.	$ 600,850
Net Rehab Profit	$ 275,650

Property Report :

Luxury Historic Flip at Oak Ave - Tampa

307 E Oak Ave Tampa, Tampa, FL 33602

Executive Summary

307 E Oak Ave Tampa, Tampa, FL 33602

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

Cash Flow Forecast

Resale Analysis

Sale Proceeds Breakdown

Cost of Sale

Cost of Sale

Holding Costs

Holding Costs

Financing

Financing

Purchase incl. Costs

Purchase incl. Costs

Photos

Property Report: Luxury Historic Flip at Oak Ave - Tampa FIX & FLIP

Property Report :

Luxury Historic Flip at Oak Ave - Tampa

307 E Oak Ave Tampa, Tampa, FL 33602

Executive Summary

307 E Oak Ave Tampa, Tampa, FL 33602

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

Cash Flow Forecast

Resale Analysis

Sale Proceeds Breakdown

Cost of Sale

Cost of Sale

Holding Costs

Holding Costs

Financing

Financing

Purchase incl. Costs

Purchase incl. Costs

Photos