428 E 156th Pl, South Holland IL 60473

428 E 156th Pl, South Holland, IL 60473

Singlefamily: 4 bedrooms , 1 bathroom

Year built: 1919, Size: 1079 SF

Investment strategy: Fix and Flip

Purchase Price$ 108,061

Rehab Estimate$ 70,000

Project Profit$ 38,186

After Repair Value$ 235,000

Investment Summary

After Repair Value	$ 235,000
Calculated Project Profit	$ 38,186
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.	75.77 %
Return on Investment	20.63 %
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).	$ 185,089
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 185,089

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 108,061
Buying Costs	$ 4,000
Total	$ 112,061

Repair Costs
Repair Costs Lump Sum	$ 70,000
Total	$ 70,000

Holding Costs
Monthly Holding Costs	$ 757
Total Months Held	4
Total	$ 3,028

Selling Costs
Commissions (3.5%)	$ 8,225
Selling Costs	$ 3,500
Total	$ 11,725

Great split -level home with 4 bedrooms, spacious living room with bay window, separate dining area, kitchen with lots of cabinets, unfinished basement and 1 car garage. Located just blocks away from downtown of South Holland. Close to schools, parks, public transportation and expressway. Don't miss it! Sold AS IS .

Purchase Price	$ 108,061
Address	428 E 156th Pl , South Holland, 60473, IL
MLS^® #	12208671
Listing Agent	Grace Przybysz
Year Built	1919
Type	Singlefamily
Size	1079 SF
Bedrooms	4
Bathrooms	1

Property History

Date	Price	Event
11/11/2024	99900	Listed
4/22/2013	72900	Listing removed
1/29/2013	34000	Sold
9/26/2012	49900	Listing removed
9/1/2012	49900	Listed
6/20/2010	72900	Price Changed
3/27/2010	79900	Price Changed
3/14/2010	112900	Price Changed
11/29/2009	123900	Listed
11/23/2009	123900	Listing removed
11/22/2009	123900	Price Changed
9/27/2009	124900	Price Changed
8/25/2009	129900	Price Changed
5/9/2009	134900	Price Changed
2/14/2009	139900	Listed
11/28/2007	105000	Sold
12/26/2005	134000	Sold

Financial Breakdown

Purchase Price	$ 108,061
Purchase Costs	$ 4,000
Repair Costs	$ 70,000
Holding Costs	$ 3,028
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 185,089
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 185,089
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.	$ 185,089

Project Returns

Gross Rehab Profit	$ 38,186
Return on Investment	20.63 %
Annualized ROI	61.89 %
Internal Rate of Return	93.51 %

Timeline Assumptions

Rehab Period	2 months
Listing Period	2 months
Total Holding Period	4 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
Purchase/Sale	$ -108,061				$ 235,000
Closing Costs	$ 4,000				$ -11,725
Holding Costs		$ -757	$ -757	$ -757	$ -757
Rehab Draws		$ -35,000	$ -35,000
Cash Flow	$ -112,061	$ -35,757	$ -35,757	$ -757	$ 222,518

Sale Proceeds Breakdown

After Repair Value	$ 235,000
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.	$ 11,725
Repair Costs	$ 70,000
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.	$ 3,028
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.	$ 112,061
Net Rehab Profit	$ 38,186

Property Report :

428 E 156th Pl, South Holland, IL 60473

Executive Summary