3552 State Road V, De Soto MO 63020

3552 State Road V, De Soto, MO 63020

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1972, Size: 1259 SF

Investment strategy: Wholesale deal offered to a flipper

Maximum Allowable Offer$usd 111,000

Wholesale Fee$usd 3,500

Flipper's Profit$usd 0

Rehab Estimate$usd 10,000

A-B Investment

Contract Price	$usd 111,000
Wholesale Assignment Fee	$usd 3,500
Wholesale Price	$usd 114,500

B-C Investment

Purchase Price	$usd 114,500
Closing Costs	$usd 1,500
Rehab Estimate	$usd 10,000
After Repair Value	$usd 135,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$usd 126,000
Flipper's Profit	$usd 0
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.	92.22 %
Return on Investment	0.00 %
Project Term	2 months

Project Cost Breakdown

Purchase Costs
Purchase Price	$usd 114,500
Buying Costs	$usd 1,500
Total	$usd 116,000

Repair Costs
Repair Costs Lump Sum	$usd 10,000
Total	$usd 10,000

Holding Costs
Monthly Holding Costs	$usd 0
Total Months Held	2
Total	$usd 0

Selling Costs
Commissions (6%)	$usd 8,100
Selling Costs	$usd 900
Total	$usd 9,000

CUTE RANCH has so much to offer w/ many possibilities! Lot's of space & perfect for the handyman to give this home it's full potential. Nice size covered front & back porch to enjoy the country fresh air. Bonus room can be 4th bedroom, or office. Possible 5th BR in the full, partially finished walk out basement with full bath. Living room has brand new picture window. New dishwasher & garbage disposal. Laundry room on MAIN LEVEL. Materials & supplies already there - all in original boxes, majority of work is done. Parking in front & back of home. 2-car attached garage w/wood burning chimney to allow shop work throughout the year. Nice level backyard & close to all the amenities Valle Lake has to offer - fishing, boating, swimming, jet ski, & community hall. Roof, HVAC, gutter guards all new in 2017. Water heater - 2016. All new dual pane/tilt in windows too! 2 ways to access property, Hwy. V and or Valle Lake Subdivision. Home is being SOLD IN AS-IS CONDITION & SELLER TO DO NO REPAIRS!

Purchase Price	$usd 114,500
Address	3552 State Road V , De Soto, 63020, MO
MLS^® #	21074934
Listing Agent	Charlene Brown
Listing Broker	RE/MAX Best Choice
Year Built	1972
Type	Singlefamily
Size	1259 SF
Bedrooms	3
Bathrooms	2

3552 State Road V De Soto, MO 63020

$usd 135,000

Property ARV
Singlefamily

Bldg type
1,259

SqFt
$usd 107

per SqFt
3

Beds
2

Baths

#	Property address	Distance	Beds	Baths	SqFt	Bldg type	Date sold	Sale price	$/SqFt
1	3837 Sunrise School Rd	0.7mi	4	1	1,344	single_family	12/10/2021	$usd 0	$usd 0
2	4045 Lakewood Dr	0.8mi	3	1	1,368	single_family	11/29/2021	$usd 0	$usd 0
3	13682 E Sunrise Lake Dr	1.4mi	2	1	1,280	single_family	9/22/2021	$usd 0	$usd 0
Average:								$usd 0	$usd 0

Financial Breakdown

Purchase Price	$usd 114,500
Purchase Costs	$usd 1,500
Repair Costs	$usd 10,000
Holding Costs	$usd 0
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$usd 126,000
Financing	$usd 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$usd 126,000
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.	$usd 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.	$usd 126,000

Project Returns

Gross Rehab Profit	$usd 0
Return on Investment	0.00 %
Annualized ROI	0.00 %
Internal Rate of Return	0.24 %

Timeline Assumptions

Rehab Period	1 months
Listing Period	1 months
Total Holding Period	2 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
Purchase/Sale	$usd -114,500		$usd 135,000
Closing Costs	$usd 1,500		$usd -9,000
Holding Costs
Rehab Draws		$usd -10,000
Cash Flow	$usd -116,000	$usd -10,000	$usd 126,000

Sale Proceeds Breakdown

After Repair Value	$usd 135,000
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.	$usd 9,000
Repair Costs	$usd 10,000
Holding Costs (2 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.	$usd 0
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.	$usd 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.	$usd 116,000
Net Rehab Profit	$usd 0

Property Report: 3552 State Road V, De Soto WHOLESALE

Property Report :

3552 State Road V, De Soto, MO 63020

Executive Summary