3112 Creekside Dr, Sachse TX 75048

3112 Creekside Dr, Sachse, TX 75048

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 2000, Size: 1906 SF

Investment strategy: Fix and Flip

Purchase Price$ 337,700

Rehab Estimate$ 20,000

Project Profit$ 18,292

After Repair Value$ 400,000

Investment Summary

After Repair Value	$ 400,000
Calculated Project Profit	$ 18,292
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.	89.42 %
Return on Investment	5.11 %
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).	$ 357,708
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 357,708

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 337,700
Buying Costs	$ 0
Total	$ 337,700

Repair Costs
Repair Costs Lump Sum	$ 20,000
Total	$ 20,000

Holding Costs
Monthly Holding Costs	$ 2
Total Months Held	4
Total	$ 8

Selling Costs
Commissions (6%)	$ 24,000
Selling Costs	$ 0
Total	$ 24,000

3112 Creekside Dr, Sachse, TX 75048 is a single family home built in 2000. According to the Sachse public records, the property at 3112 Creekside Dr, Sachse, TX 75048 has approximately 1906 square feet, 3 beds and 2 baths with a lot size of 9,148 square feet. Nearby schools include Wylie High School, Raymond B Cooper J High School, Dr Al Draper Intermed and Don Whitt Elementary School.

Purchase Price	$ 337,700
Address	3112 Creekside Dr , Sachse, 75048, TX
Listing Agent	Keith Noblett
Listing Broker	The Mardia Group
Year Built	2000
Type	Singlefamily
Size	1906 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Change	Event
9/23/2019
8/8/2019
7/30/2019
7/22/2019
12/20/1999

Financial Breakdown

Purchase Price	$ 337,700
Purchase Costs	$ 0
Repair Costs	$ 20,000
Holding Costs	$ 8
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 357,708
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 357,708
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.	$ 357,708

Project Returns

Gross Rehab Profit	$ 18,292
Return on Investment	5.11 %
Annualized ROI	15.33 %
Internal Rate of Return	16.48 %

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	$ -337,700				$ 400,000
Closing Costs					$ -24,000
Holding Costs		$ -2	$ -2	$ -2	$ -2
Rehab Draws		$ -10,000	$ -10,000
Cash Flow	$ -337,700	$ -10,002	$ -10,002	$ -2	$ 375,998

Sale Proceeds Breakdown

After Repair Value	$ 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.	$ 24,000
Repair Costs	$ 20,000
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.	$ 8
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.	$ 337,700
Net Rehab Profit	$ 18,292

Property Report :

3112 Creekside Dr, Sachse, TX 75048

Executive Summary