4451 Emerald Ave, Sycamore Township OH 45242

4451 Emerald Ave, Sycamore Township, OH 45242

Singlefamily: 3 bedrooms , 1 bathroom

Year built: 1952, Size: 2053 SF

Investment strategy: Fix and Flip

Purchase Price$ 150,000

Rehab Estimate$ 80,000

Project Profit$ 78,660

After Repair Value$ 329,000

Investment Summary

After Repair Value	$ 329,000
Calculated Project Profit	$ 78,660
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.	69.91 %
Return on Investment	34.11 %
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).	$ 230,600
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 230,600

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 150,000
Buying Costs	$ 600
Total	$ 150,600

Repair Costs
Repair Costs Lump Sum	$ 80,000
Total	$ 80,000

Holding Costs
Monthly Holding Costs	$ 0
Total Months Held	4
Total	$ 0

Selling Costs
Commissions (6%)	$ 19,740
Selling Costs	$ 0
Total	$ 19,740

Huge two story home with full basement only a block from the park. Nice enclosed front porch. All Appliances stay! Lots of potential here. Hardwood floors. Off street parking. Large double lot. Two storage sheds. Fireplace is operable. Two HVAC systems, with gas furnaces. Great location!

Purchase Price	$ 150,000
Address	4451 Emerald Ave , Sycamore Township, 45242, OH
MLS^® #	1744111
Listing Agent	Derek Tye
Listing Broker	Exp Realty
Year Built	1952
Type	Singlefamily
Size	2053 SF
Bedrooms	3
Bathrooms	1

Property History

Date	Price	Change	Event
10/20/1999

4451 Emerald Ave Sycamore Township, OH 45242

$ 329,000

Property ARV
Singlefamily

Bldg type
2,053

SqFt
$ 160

per SqFt
3

Beds
1

Baths

#	Property address	Distance	Beds	Baths	SqFt	Bldg type	Date sold	Sale price	$/SqFt
1	8765 Kenwood Rd	0.5mi	3	3	2,443	single_family	3/1/2022	$ 453,000	$ 185
2	4719 Belleview Ave	0.5mi	3	2	2,332	single_family	5/9/2022	$ 200,000	$ 86
3	8884 Kenwood Rd	0.5mi	2	2	1,551	single_family	3/3/2022	$ 305,000	$ 197
4	4377 Hunt Rd	0.8mi	3	2.5	1,600	single_family	2/17/2022	$ 302,000	$ 189
5	9507 Raven Ln	0.9mi	3	2	1,796	single_family	5/6/2022	$ 385,000	$ 214
Average:								$ 329,000	$ 174

Financial Breakdown

Purchase Price	$ 150,000
Purchase Costs	$ 600
Repair Costs	$ 80,000
Holding Costs	$ 0
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 230,600
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 230,600
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.	$ 230,600

Project Returns

Gross Rehab Profit	$ 78,660
Return on Investment	34.11 %
Annualized ROI	102.33 %
Internal Rate of Return	173.34 %

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	$ -150,000				$ 329,000
Closing Costs	$ 600				$ -19,740
Holding Costs
Rehab Draws		$ -40,000	$ -40,000
Cash Flow	$ -150,600	$ -40,000	$ -40,000	$ 0	$ 309,260

Sale Proceeds Breakdown

After Repair Value	$ 329,000
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.	$ 19,740
Repair Costs	$ 80,000
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.	$ 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.	$ 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.	$ 150,600
Net Rehab Profit	$ 78,660

Property Report: 4451 Emerald Ave, Sycamore Township FIX & FLIP

Property Report :

4451 Emerald Ave, Sycamore Township, OH 45242

Executive Summary