485 Laburnum Drive, Northbrook IL 60062

485 Laburnum Drive, Northbrook, IL 60062

Singlefamily: 6 bedrooms , 3 bathrooms

Year built: 1972, Size: 3058 SF

Investment strategy: Fix and Flip

Purchase Price$ 390,000

Rehab Estimate$ 70,000

Project Profit$ 74,050

After Repair Value$ 570,000

Investment Summary

After Repair Value	$ 570,000
Calculated Project Profit	$ 74,050
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.	80.70 %
Return on Investment	15.85 %
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).	$ 467,300
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 467,300

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 390,000
Buying Costs	$ 3,000
Total	$ 393,000

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

Holding Costs
Monthly Holding Costs	$ 1,075
Total Months Held	4
Total	$ 4,300

Selling Costs
Commissions (4.5%)	$ 25,650
Selling Costs	$ 3,000
Total	$ 28,650

Purchase Price	$ 390,000
Address	485 Laburnum Drive , Northbrook, 60062, IL
MLS^® #	10998081
Year Built	1972
Type	Singlefamily
Size	3058 SF
Bedrooms	6
Bathrooms	3

Financial Breakdown

Purchase Price	$ 390,000
Purchase Costs	$ 3,000
Repair Costs	$ 70,000
Holding Costs	$ 4,300
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 467,300
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 467,300
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.	$ 467,300

Project Returns

Gross Rehab Profit	$ 74,050
Return on Investment	15.85 %
Annualized ROI	47.55 %
Internal Rate of Return	61.34 %

Timeline Assumptions

Rehab Period	3 months
Listing Period	1 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	$ -390,000				$ 570,000
Closing Costs	$ 3,000				$ -28,650
Holding Costs		$ -1,075	$ -1,075	$ -1,075	$ -1,075
Rehab Draws		$ -23,333	$ -23,333	$ -23,333
Cash Flow	$ -393,000	$ -24,408	$ -24,408	$ -24,408	$ 540,275

Sale Proceeds Breakdown

After Repair Value	$ 570,000
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.	$ 28,650
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.	$ 4,300
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.	$ 393,000
Net Rehab Profit	$ 74,050

Property Report :

485 Laburnum Drive, Northbrook, IL 60062

Executive Summary