5836 Heberton Dr, Verona PA 15147

5836 Heberton Dr, Verona, PA 15147

Singlefamily: 6 rooms: 3 bedrooms , 2 bathrooms

Year built: 1953, Size: 1218 SF

Investment strategy: Fix and Flip

Purchase Price$ 58,000

Rehab Estimate$ 30,000

Project Profit$ 19,160

After Repair Value$ 129,000

Investment Summary

After Repair Value	$ 129,000
Calculated Project Profit	$ 19,160
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.	68.22 %
Return on Investment	228.37 %
Project Term	3 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).	$ 96,390
Financing	$ 88,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 8,390

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 58,000
Buying Costs	$ 4,500
Loan Costs & Points	$ 1,320
Total	$ 63,820

Repair Costs
Repair Costs Lump Sum	$ 30,000
Total	$ 30,000

Holding Costs
Monthly Holding Costs	$ 50
Monthly Loan Payments (interest)	$ 807
Total Months Held	3
Total	$ 2,570

Selling Costs
Commissions (5%)	$ 6,450
Selling Costs	$ 7,000
Total	$ 13,450

Purchase Price	$ 58,000
Address	5836 Heberton Dr , Verona, 15147, PA
Year Built	1953
Type	Singlefamily
Size	1218 SF
Bedrooms	3
Bathrooms	2
Rooms Total	6

5836 Heberton Dr Verona, PA 15147

$ 129,000

Property ARV
Singlefamily

Bldg type
1,218

SqFt
$ 106

per SqFt
3

Beds
2

Baths

#	Property address	Distance	Beds	Baths	SqFt	Date sold	Sale price	$/SqFt
1	324 Earlwood Rd	0.5mi	3	2.0	1,363	11/22/2019	$ 124,000	$ 91
2	1724 Rosedale St	0.6mi	3	2.0	1,125	02/04/2019	$ 120,000	$ 107
3	254 Shannon Heights Dr	0.6mi	3	1.5	1,000	05/08/2019	$ 124,900	$ 125
4	5624 3rd St	0.7mi	3	2.0	1,306	01/29/2019	$ 123,500	$ 95
5	6329 Belvoir Dr	0.9mi	3	2.0	1,204	07/05/2019	$ 117,022	$ 97
6	200 Garlow Dr	0.7mi	3	1.0	1,218	06/03/2019	$ 134,900	$ 111
7	6333 Belvoir Dr	0.9mi	3	1.1	1,176	12/12/2018	$ 122,500	$ 104
8	5718 Crestmont Ave	0.5mi	4	2.0	1,667	02/11/2019	$ 152,000	$ 91
9	5757 Front St	0.5mi	3	1.0	1,012	07/16/2019	$ 105,500	$ 104
10	5544 Zieger Ave	0.5mi	4	2.0	1,776	06/07/2019	$ 150,696	$ 85
11	146 Garlow Dr	0.7mi	3	1.2	1,165	06/27/2019	$ 102,000	$ 88
12	6119 Verona Rd	0.8mi	3	2.0	1,470	08/27/2019	$ 98,000	$ 67
13	5235 Verona Rd	0.8mi	4	1.0	2,347	03/13/2019	$ 125,000	$ 53
14	6324 Belvoir Dr	0.9mi	3	1.0	1,176	07/03/2019	$ 139,900	$ 119
15	6337 Verona Rd	1.0mi	3	2.0	1,436	05/06/2019	$ 104,000	$ 72
16	120 Cristie Dr	0.6mi	4	2.5	2,014	12/19/2018	$ 147,000	$ 73
17	6005 Verona Rd	0.7mi	5	3.0	2,062	02/05/2019	$ 104,000	$ 50
18	5520 3rd St	0.7mi	3	3.0	907	11/25/2019	$ 157,500	$ 174
19	108 Cristie Dr	0.6mi	4	2.5	1,944	07/31/2019	$ 161,000	$ 83
20	6409 Verona Rd	1.0mi	3	1.0	1,218	04/25/2019	$ 95,700	$ 79
Average:							$ 125,456	$ 93

Financial Breakdown

Purchase Price	$ 58,000
Purchase Costs	$ 5,820
Repair Costs	$ 30,000
Holding Costs	$ 2,570
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 96,390
Financing	$ 88,000
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 8,390
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.	$ 1,320
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.	$ 7,070

Project Returns

Gross Rehab Profit	$ 19,160
Return on Investment	228.37 %
Annualized ROI	913.48 %
Internal Rate of Return	N/A

Timeline Assumptions

Rehab Period	2 months
Listing Period	1 months
Total Holding Period	3 months

Financing		% of ARV
Down Payment	$ 0	0.00 %
Loan	$ 88,000	68.22 %

Loan Financing of: Purchase + Repairs ($ 88,000)
Type	Interest-Only
Loan Amount	$ 88,000
Down payment (0%)	$ 0
Loan term	3 months
Interest Rate	11.00 %
Monthly Payment	$ 806.67

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 11.00% p.a.

Month	0	1	2	3
Purchase/Sale	$ -58,000			$ 129,000
Financing	$ 88,000			$ -88,000
Closing Costs	$ 5,820			$ -13,450
Holding Costs		$ -50	$ -50	$ -50
Rehab Draws		$ -15,000	$ -15,000
Loan Payment		$ -807	$ -807	$ -807
Cash Flow	$ 24,180	$ -15,857	$ -15,857	$ 26,693

Sale Proceeds Breakdown

After Repair Value	$ 129,000
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.	$ 13,450
Repair Costs	$ 30,000
Holding Costs (3 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.	$ 150
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.	$ 3,740
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.	$ 62,500
Net Rehab Profit	$ 19,160

Lender Summary

Financing of: Purchase + Repairs
Type: Interest-Only
Loan term: 3 months

Loan Assumptions		% of ARV
After Repair Value	$ 129,000	100.00 %
Purchase Price	$ 58,000	44.96 %
Purchase Costs	$ 5,820	4.51 %
Repair Costs	$ 30,000	23.26 %
Holding Costs	$ 2,570	1.99 %
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 96,390	74.72 %
Financed Amount	$ 88,000	68.22 %
Down payment (0%)	$ 0	0.00 %
Loan Amount	$ 88,000	68.22 %

Lender Returns
Interest Rate	11.00 %
Interest Income	$ 2,420
Points (1.500)	$ 1,320
Total Income to Lender	$ 37,400
Lender's ROI	42.50 %
Lender's Annualized ROI	170.00 %

Property Report: 5836 Heberton Dr, Verona FIX & FLIP

Property Report :

5836 Heberton Dr, Verona, PA 15147

Executive Summary