Hamilton Multi: 32 Rosslyn Ave S, Hamilton ON L8M3H9, CA

32 Rosslyn Ave S, Hamilton, ON L8M3H9

Singlefamily: 5 bedrooms , 4 bathrooms

Size: 3000 SF

Investment strategy: Fix and Flip

Triplex, in a prestigious neighbourhood, detached garage

Purchase Price$CDN 1,099,888

Rehab Estimate$CDN 250,000

Project Profit$CDN 59,963

After Repair Value$CDN 1,600,000

Investment Summary

After Repair Value	$CDN 1,600,000
Calculated Project Profit	$CDN 59,963
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.	84.37 %
Return on Investment	19.00 %
Project Term	8 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).	$CDN 1,445,537
Financing	$CDN 1,129,910
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$CDN 315,627

Project Cost Breakdown

Purchase Costs
Purchase Price	$CDN 1,099,888
Buying Costs	$CDN 22,200
Loan Costs & Points	$CDN 10,000
Total	$CDN 1,132,088

Repair Costs
Repair Costs Lump Sum	$CDN 250,000
Total	$CDN 250,000

Holding Costs
Monthly Holding Costs	$CDN 665
Monthly Loan Payments (interest)	$CDN 7,266
Total Months Held	8
Total	$CDN 63,449

Selling Costs
Commissions (5%)	$CDN 80,000
Selling Costs	$CDN 14,500
Total	$CDN 94,500

Welcome to this distinctive residential gem - a legal non-confirming triplex that is full of charm and character. This delightful home boasts four spacious bedrooms and four bathrooms, promising comfort and convenience for its potential buyer, investor and/or eventual tenants. Nestled within a prestigious neighbourhood, the property enjoys a sense of exclusivity and refinement. As you step inside, you'll be captivated by the abundance of old-world charm, creating an inviting and nostalgic atmosphere. The detached garage ensures ample parking and storage, while the generous corner lot offers a sense of privacy and outdoor space to be cherished and enjoyed. The true highlight lies in the sprawling first-floor unit, providing an expansive living area perfect for entertaining or relaxing with loved ones and guests. Don't miss this opportunity to call this beautiful triplex your home, where classic elegance meets modern living. (33606784)

Purchase Price	$CDN 1,099,888
Address	32 Rosslyn Ave S , Hamilton, L8M3H9, ON, CA
MLS^® #	X7310790
Type	Singlefamily
Size	3000 SF
Bedrooms	5
Bathrooms	4

Financial Breakdown

Purchase Price	$CDN 1,099,888
Purchase Costs	$CDN 32,200
Repair Costs	$CDN 250,000
Holding Costs	$CDN 63,449
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$CDN 1,445,537
Financing	$CDN 1,129,910
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$CDN 315,627
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.	$CDN 219,978
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.	$CDN 95,649

Project Returns

Gross Rehab Profit	$CDN 59,963
Return on Investment	19.00 %
Annualized ROI	28.50 %
Internal Rate of Return	60.79 %

Timeline Assumptions

Rehab Period	6 months
Listing Period	2 months
Total Holding Period	8 months

Financing		% of ARV
Down Payment	$CDN 219,978	13.75 %
1st mortgage	$CDN 879,910	54.99 %
2nd mortgage - Reno, closing	$CDN 250,000	15.63 %

1st mortgage Financing of: Purchase price ($CDN 1,099,888)
Type	Interest-Only
Loan Amount	$CDN 879,910
Down payment (20%)	$CDN 219,978
Loan term	8 months
Interest Rate	6.50 %
Monthly Payment	$CDN 4,766.18
Profit Split	40.00 %

2nd mortgage - Reno, closing Financing of: Repair costs ($CDN 250,000)
Type	Interest-Only
Loan Amount	$CDN 250,000
Down payment (0%)	$CDN 0
Loan term	8 months
Interest Rate	12.00 %
Monthly Payment	$CDN 2,500.00

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 6.50% p.a.

Month	0	1	2	3	4	5	6	7	8
Purchase/Sale	$CDN -1,099,888								$CDN 1,600,000
Financing	$CDN 1,129,910								$CDN -1,129,910
Closing Costs	$CDN 32,200								$CDN -94,500
Holding Costs		$CDN -665	$CDN -665	$CDN -665	$CDN -665	$CDN -665	$CDN -665	$CDN -665	$CDN -665
Rehab Draws		$CDN -41,667	$CDN -41,667	$CDN -41,667	$CDN -41,667	$CDN -41,667	$CDN -41,667
1. Loan Payment		$CDN -4,766	$CDN -4,766	$CDN -4,766	$CDN -4,766	$CDN -4,766	$CDN -4,766	$CDN -4,766	$CDN -4,766
2. Loan Payment		$CDN -2,500	$CDN -2,500	$CDN -2,500	$CDN -2,500	$CDN -2,500	$CDN -2,500	$CDN -2,500	$CDN -2,500
Cash Flow	$CDN -2,178	$CDN -49,598	$CDN -49,598	$CDN -49,598	$CDN -49,598	$CDN -49,598	$CDN -49,598	$CDN -7,931	$CDN 367,658

Sale Proceeds Breakdown

After Repair Value	$CDN 1,600,000
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.	$CDN 94,500
Repair Costs	$CDN 250,000
Holding Costs (8 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.	$CDN 5,320
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.	$CDN 68,129
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.	$CDN 1,122,088
Capital Partner(s) Profit (40%)	$CDN 23,985
Net Rehab Profit	$CDN 35,978

Property Report :

Hamilton Multi

32 Rosslyn Ave S, Hamilton, ON L8M3H9

Executive Summary

32 Rosslyn Ave S, Hamilton, ON L8M3H9

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

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Flip

Cash During Flip

Project Returns

Timeline Assumptions

Financing Overview

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: Hamilton Multi FIX & FLIP

Property Report :

Hamilton Multi

32 Rosslyn Ave S, Hamilton, ON L8M3H9

Executive Summary

32 Rosslyn Ave S, Hamilton, ON L8M3H9

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

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Flip

Cash During Flip

Project Returns

Timeline Assumptions

Financing Overview

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