Property Report :

Test Property

4311 Breckenridge Ave, Michigan City, IN 46360

Powered by

Real Estate Analysis

Created on: Apr 16, 2025

Author: Jarem Musac

4311 Breckenridge Ave, Michigan City, IN 46360

Singlefamily: 6 rooms: 3 bedrooms , 2 bathrooms

Year built: 1963, Size: 1680 SF

Investment strategy: Fix and Flip

Purchase Price$ 154,900

Rehab Estimate$ 20,000

Project Profit$ 3,100

After Repair Value$ 200,000

Investment Summary

After Repair Value	$ 200,000
Calculated Project Profit	$ 3,100
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.	87.45 %
Return on Investment	1.72 %
Project Term	6 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).	$ 179,900
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 179,900

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 154,900
Buying Costs	$ 2,000
Total	$ 156,900

Repair Costs
Repair Costs Lump Sum	$ 20,000
Total	$ 20,000

Holding Costs
Monthly Holding Costs	$ 500
Total Months Held	6
Total	$ 3,000

Selling Costs
Commissions (6%)	$ 12,000
Selling Costs	$ 5,000
Total	$ 17,000

Purchase Price	$ 154,900
Address	4311 Breckenridge Ave , Michigan City, 46360, IN
Year Built	1963
Type	Singlefamily
Size	1680 SF
Bedrooms	3
Bathrooms	2
Rooms Total	6

Month	0	1	2	3	4	5	6
Purchase/Sale	$ -154,900						$ 200,000
Closing Costs	$ 2,000						$ -17,000
Holding Costs		$ -500	$ -500	$ -500	$ -500	$ -500	$ -500
Rehab Draws		$ -10,000	$ -10,000
Cash Flow	$ -156,900	$ -10,500	$ -10,500	$ -500	$ -500	$ -500	$ 182,500

Sign in to edit this report, add or compare properties. Don't have an acount? Sign up now!

BESbswy