3213 Gianna Way, Land O Lakes FL 34638

3213 Gianna Way, Land O Lakes, FL 34638

Singlefamily: 5 bedrooms , 3 bathrooms

Year built: 2005, Size: 2260 SF

Investment strategy: Fix and Flip

Purchase Price$ 271,959

Rehab Estimate$ 25,000

Project Profit$ 80,494

After Repair Value$ 425,000

Investment Summary

After Repair Value	$ 425,000
Calculated Project Profit	$ 80,494
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.	69.87 %
Return on Investment	161.24 %
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).	$ 321,881
Financing	$ 271,959
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 49,922

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 271,959
Buying Costs	$ 12,750
Loan Costs & Points	$ 3,720
Total	$ 288,429

Repair Costs
Repair Costs Lump Sum	$ 25,000
Total	$ 25,000

Holding Costs
Monthly Holding Costs	$ 300
Monthly Loan Payments (interest)	$ 1,813
Total Months Held	4
Total	$ 8,452

Selling Costs
Commissions (2.5%)	$ 10,625
Selling Costs	$ 12,000
Total	$ 22,625

3213 Gianna Way, Land O Lakes, FL 34638 is a single family home built in 2005. This property was last sold for $242,000 in 2005 and currently has an estimated value of $339,300. According to the Land O Lakes public records, the property at 3213 Gianna Way, Land O Lakes, FL 34638 has approximately 2260 square feet, 5 beds and 3 baths with a lot size of 5,561 square feet. Nearby schools include Bexley Elementary School, Charles S. Rushe Middle School and Sunlake High School.

Purchase Price	$ 271,959
Address	3213 Gianna Way , Land O Lakes, 34638, FL
Listing Broker	First In Tampa Bay Real Estate
Year Built	2005
Type	Singlefamily
Size	2260 SF
Bedrooms	5
Bathrooms	3

Property History

Date	Price	Change	Event
6/7/2005
3/31/2005

Financial Breakdown

Purchase Price	$ 271,959
Purchase Costs	$ 16,470
Repair Costs	$ 25,000
Holding Costs	$ 8,452
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 321,881
Financing	$ 271,959
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 49,922
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.	$ 2,720
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.	$ 47,202

Project Returns

Gross Rehab Profit	$ 80,494
Return on Investment	161.24 %
Annualized ROI	483.72 %
Internal Rate of Return	3,593.75 %

Timeline Assumptions

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

Financing		% of ARV
Down Payment	$ 0	0.00 %
Loan	$ 271,959	63.99 %

Loan Financing of: Purchase price ($ 271,959)
Type	Interest-Only
Loan Amount	$ 271,959
Down payment (0%)	$ 0
Loan term	4 months
Interest Rate	8.00 %
Monthly Payment	$ 1,813.06

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 8.00% p.a.

Month	0	1	2	3	4
Purchase/Sale	$ -271,959				$ 425,000
Financing	$ 271,959				$ -271,959
Closing Costs	$ 16,470				$ -22,625
Holding Costs		$ -300	$ -300	$ -300	$ -300
Rehab Draws		$ -25,000
Loan Payment		$ -1,813	$ -1,813	$ -1,813	$ -1,813
Cash Flow	$ -16,470	$ -27,113	$ -2,113	$ -2,113	$ 128,303

Sale Proceeds Breakdown

After Repair Value	$ 425,000
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.	$ 22,625
Repair Costs	$ 25,000
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.	$ 1,200
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.	$ 10,972
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.	$ 284,709
Net Rehab Profit	$ 80,494

Property Report :

3213 Gianna Way, Land O Lakes, FL 34638

Executive Summary