4124 1st Ave N, St. Petersburg FL 33713

4124 1st Ave N, St. Petersburg, FL 33713

Singlefamily: 2 bedrooms , 1 bathroom

Year built: 1948, Size: 790 SF

Investment strategy: Wholesale deal offered to a flipper

Owner planning to move to NC

Maximum Allowable Offer$ 144,800

Wholesale Fee$ 10,000

Flipper's Profit$ 0

Rehab Estimate$ 40,000

A-B Investment

Contract Price	$ 144,800
Wholesale Assignment Fee	$ 10,000
Wholesale Price	$ 154,800

B-C Investment

Purchase Price	$ 154,800
Closing Costs	$ 0
Rehab Estimate	$ 40,000
After Repair Value	$ 220,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 206,800
Flipper's Profit	$ 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.	88.55 %
Return on Investment	0.00 %
Project Term	6 months

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 154,800
Buying Costs	$ 0
Total	$ 154,800

Repair Costs
Repair Costs Lump Sum	$ 40,000
Total	$ 40,000

Holding Costs
Monthly Holding Costs	$ 2,000
Total Months Held	6
Total	$ 12,000

Selling Costs
Commissions (6%)	$ 13,200
Selling Costs	$ 0
Total	$ 13,200

Purchase Price	$ 154,800
Address	4124 1st Ave N , St. Petersburg, 33713, FL
Year Built	1948
Type	Singlefamily
Size	790 SF
Bedrooms	2
Bathrooms	1

Financial Breakdown

Purchase Price	$ 154,800
Purchase Costs	$ 0
Repair Costs	$ 40,000
Holding Costs	$ 12,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 206,800
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 206,800
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.	$ 206,800

Project Returns

Gross Rehab Profit	$ 0
Return on Investment	0.00 %
Annualized ROI	0.00 %
Internal Rate of Return	N/A

Timeline Assumptions

Rehab Period	4 months
Listing Period	2 months
Total Holding Period	6 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	5	6
Purchase/Sale							$ 220,000
Closing Costs							$ -13,200
Holding Costs		$ -2,000	$ -2,000	$ -2,000	$ -2,000	$ -2,000	$ -2,000
Rehab Draws		$ -10,000	$ -10,000	$ -10,000	$ -10,000
Cash Flow	$ 0	$ -12,000	$ -12,000	$ -12,000	$ -12,000	$ -2,000	$ 204,800

Sale Proceeds Breakdown

After Repair Value	$ 220,000
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.	$ 13,200
Repair Costs	$ 40,000
Holding Costs (6 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.	$ 12,000
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.	$ 154,800
Net Rehab Profit	$ 0

Property Report :

4124 1st Ave N, St. Petersburg, FL 33713

Executive Summary