COLLEGE AVE: 3500 W College Ave, Visalia CA 93277

3500 W College Ave, Visalia, CA 93277

Singlefamily: 7 rooms: 4 bedrooms , 2 bathrooms

Year built: 1974, Size: 1632 SF

Investment strategy: Fix and Flip

Maximum Allowable Offer$ 67,092

Rehab Estimate$ 86,950

Project Profit$ 34,500

After Repair Value$ 228,000

Investment Summary

After Repair Value	$ 228,000
Project Profit	$ 34,500
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.	67.56 %
Return on Investment	129.84 %
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).	$ 172,981
Financing	$ 146,410
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 26,571

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 67,092
Buying Costs	$ 5,450
Loan Costs & Points	$ 4,328
Total	$ 76,870

Repair Costs
Repair Costs Lump Sum	$ 86,950
Total	$ 86,950

Holding Costs
Monthly Holding Costs	$ 230
Monthly Loan Payments (interest)	$ 915
Total Months Held	8
Total	$ 9,161

Selling Costs
Commissions (6%)	$ 13,680
Selling Costs	$ 6,840
Total	$ 20,520

Heavy rehab is requires. New roof, HVAC, plumbing, electrical, cabinets, interior sheetrock, insulation fixtures and demolition of existing pool and misc. concrete and patios.

Refer to the attached rehab scope of work provided and bid to a general contractor.

Purchase Price	$ 67,092
Address	3500 W College Ave , Visalia, 93277, CA
Year Built	1974
Type	Singlefamily
Size	1632 SF
Bedrooms	4
Bathrooms	2
Rooms Total	7

Financial Breakdown

Purchase Price	$ 67,092
Purchase Costs	$ 9,778
Repair Costs	$ 86,950
Holding Costs	$ 9,161
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 172,981
Financing	$ 146,410
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 26,571
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.	$ 17,793
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.	$ 8,778

Project Returns

Gross Rehab Profit	$ 34,500
Return on Investment	129.84 %
Annualized ROI	194.76 %
Internal Rate of Return	N/A

Timeline Assumptions

Rehab Period	4 months
Listing Period	4 months
Total Holding Period	8 months

Financing		% of ARV
Down Payment	$ 14,865	6.52 %
1. Loan	$ 59,460	26.08 %
2. Loan	$ 86,950	38.14 %

1. Loan Financing of: Purchase price ($ 74,325)
Type	Interest-Only
Loan Amount	$ 59,460
Down payment (20%)	$ 14,865
Loan term	8 months
Interest Rate	7.50 %
Monthly Payment	$ 371.63

2. Loan Financing of: Repair costs ($ 86,950)
Type	Interest-Only
Loan Amount	$ 86,950
Down payment (0%)	$ 0
Loan term	8 months
Interest Rate	7.50 %
Monthly Payment	$ 543.44

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 7.50% p.a.

Month	0	1	2	3	4	5	6	7	8
Purchase/Sale	$ -74,325								$ 228,000
Financing	$ 146,410								$ -146,410
Closing Costs	$ 9,778								$ -20,520
Holding Costs		$ -230	$ -230	$ -230	$ -230	$ -230	$ -230	$ -230	$ -230
Rehab Draws		$ -21,738	$ -21,738	$ -21,738	$ -21,738
1. Loan Payment		$ -372	$ -372	$ -372	$ -372	$ -372	$ -372	$ -372	$ -372
2. Loan Payment		$ -543	$ -543	$ -543	$ -543	$ -543	$ -543	$ -543	$ -543
Cash Flow	$ 62,307	$ -22,883	$ -22,883	$ -22,883	$ -22,883	$ -1,145	$ -1,145	$ -1,145	$ 59,925

Sale Proceeds Breakdown

After Repair Value	$ 228,000
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.	$ 20,520
Repair Costs	$ 86,950
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.	$ 1,840
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.	$ 11,649
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.	$ 72,542
Net Rehab Profit	$ 34,500

Property Report :

COLLEGE AVE

3500 W College Ave, Visalia, CA 93277

Executive Summary

3500 W College Ave, Visalia, CA 93277

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: COLLEGE AVE FIX & FLIP

Property Report :

COLLEGE AVE

3500 W College Ave, Visalia, CA 93277

Executive Summary

3500 W College Ave, Visalia, CA 93277

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