4606 S Hesperides St, Tampa FL 33611

4606 S Hesperides St, Tampa, FL 33611

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1955, Size: 1580 SF

Investment strategy: Wholesale deal offered to a flipper

Maximum Allowable Offer$ 291,467

Wholesale Fee$ 15,000

Flipper's Profit$ 77,480

Rehab Estimate$ 49,000

A-B Investment

Contract Price	$ 291,467
Wholesale Assignment Fee	$ 15,000
Wholesale Price	$ 306,467

B-C Investment

Purchase Price	$ 306,467
Closing Costs	$ 9,000
Rehab Estimate	$ 49,000
After Repair Value	$ 485,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 387,395
Flipper's Profit	$ 77,480
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.	73.29 %
Return on Investment	134.99 %
Project Term	4 months

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 306,467
Buying Costs	$ 9,000
Loan Costs & Points	$ 9,900
Total	$ 325,367

Repair Costs
Repair Costs Lump Sum	$ 49,000
Total	$ 49,000

Holding Costs
Monthly Holding Costs	$ 350
Monthly Loan Payments (interest)	$ 2,907
Total Months Held	4
Total	$ 13,028

Selling Costs
Commissions (2.5%)	$ 12,125
Selling Costs	$ 8,000
Total	$ 20,125

Ready to move to one of Tampa's coveted neighborhoods? Welcome to Guernsey Estates. This home features 3 bedrooms 2 baths sitting on a total of 7, 500 sqft lot size. The home is ready for your personal touches, a little TLC and this can be your dream home. The large private fenced-in backyard provides endless options. You can expand the home and add your own private pool or build out a lanai with an outdoor kitchen. The opportunities are endless. Conveniently located to South Tampa's best shopping and dining options. This home's Amazing location is close to all that South Tampa has to offer! Minutes from Bayshore Boulevard and a short drive to Beaches, armature works, Tampas riverwalk, downtown tampa, Only a few minutes to the all-new Westshore Marina District. Tampa's premier waterfront master-planned community offering living, shopping, dining, and recreation options along Tampa Bay. Call to schedule an appt.

Purchase Price	$ 306,467
Address	4606 S Hesperides St , Tampa, 33611, FL
MLS^® #	T3330901
Listing Agent	Yari Balmaseda
Listing Broker	The Property Pros Real Estate Inc
Year Built	1955
Type	Singlefamily
Size	1580 SF
Bedrooms	3
Bathrooms	2

Financial Breakdown

Purchase Price	$ 306,467
Purchase Costs	$ 18,900
Repair Costs	$ 49,000
Holding Costs	$ 13,028
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 387,395
Financing	$ 330,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 57,395
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.	$ 9,900
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.	$ 47,495

Project Returns

Gross Rehab Profit	$ 77,480
Return on Investment	134.99 %
Annualized ROI	404.97 %
Internal Rate of Return	326.17 %

Timeline Assumptions

Rehab Period	2 months
Listing Period	2 months
Total Holding Period	4 months

Financing		% of ARV
Down Payment	$ 0	0.00 %
Loan	$ 330,000	68.04 %

Loan Financing of: Purchase price ($ 330,000)
Type	Amortized
Loan Amount	$ 330,000
Down payment (0%)	$ 0
Amortization	1 months
Interest Rate	12.00 %
Monthly Payment	$ 29,320.10

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	$ -330,000				$ 485,000
Financing	$ 330,000				$ -224,348
Closing Costs	$ 18,900				$ -20,125
Holding Costs		$ -350	$ -350	$ -350	$ -350
Rehab Draws		$ -24,500	$ -24,500
Loan Payment		$ -29,320	$ -29,320	$ -29,320	$ -29,320
Cash Flow	$ -18,900	$ -54,170	$ -54,170	$ -29,670	$ 210,857

Sale Proceeds Breakdown

After Repair Value	$ 485,000
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.	$ 20,125
Repair Costs	$ 49,000
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.	$ 1,400
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.	$ 21,528
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.	$ 315,467
Net Rehab Profit	$ 77,480

Property Report :

4606 S Hesperides St, Tampa, FL 33611

Executive Summary