5960 W 25th Ct, Hialeah FL 33016

5960 W 25th Ct, Hialeah, FL 33016

Condominium: 2 bedrooms , 2 bathrooms

Year built: 1989, Size: 779 SF

Investment strategy: Wholesale deal offered to a flipper

Maximum Allowable Offer$ 134,480

Wholesale Fee$ 10,000

Flipper's Profit$ 20,000

Rehab Estimate$ 0

A-B Investment

Contract Price	$ 134,480
Wholesale Assignment Fee	$ 10,000
Wholesale Price	$ 144,480

B-C Investment

Purchase Price	$ 144,480
Closing Costs	$ 2,000
Rehab Estimate	$ 0
After Repair Value	$ 180,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 154,550
Flipper's Profit	$ 20,000
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.	80.27 %
Return on Investment	12.94 %
Project Term	6 months

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 144,480
Buying Costs	$ 2,000
Total	$ 146,480

Repair Costs
Repair Costs Lump Sum	$ 0
Total	$ 0

Holding Costs
Monthly Holding Costs	$ 1,345
Total Months Held	6
Total	$ 8,070

Selling Costs
Commissions (3%)	$ 5,400
Selling Costs	$ 50
Total	$ 5,450

Purchase Price	$ 144,480
Address	5960 W 25th Ct , Hialeah, 33016, FL
Year Built	1989
Type	Condominium
Size	779 SF
Bedrooms	2
Bathrooms	2

5960 W 25th Ct Hialeah, FL 33016

$ 180,000

Property ARV
Condominium

Bldg type
779

SqFt
$ 231

per SqFt
2

Beds
2

Baths

#	Property address	Distance	Beds	Baths	SqFt	Date sold	Sale price	$/SqFt
1	2575 W 67th Pl APT 24-3	0.5mi	2	2.0	747	09/14/2018	$ 144,500	$ 193
2	2715 W 66th St APT 13-21	0.5mi	2	2.0	750	07/30/2018	$ 155,000	$ 207
3	6690 W 26th Ct # 2116	0.5mi	2	2.0	747	01/15/2019	$ 127,500	$ 171
4	6190 W 19th Ave APT 106	0.8mi	2	2.0	980	02/22/2019	$ 147,000	$ 150
5	1820 W 53rd St APT 520	1.0mi	2	2.0	805	01/29/2019	$ 165,000	$ 205
Average:							$ 147,800	$ 185

Financial Breakdown

Purchase Price	$ 144,480
Purchase Costs	$ 2,000
Repair Costs	$ 0
Holding Costs	$ 8,070
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 154,550
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 154,550
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.	$ 154,550

Project Returns

Gross Rehab Profit	$ 20,000
Return on Investment	12.94 %
Annualized ROI	25.88 %
Internal Rate of Return	28.56 %

Timeline Assumptions

Rehab Period	0 months
Listing Period	6 months
Total Holding Period	6 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	5	6
Purchase/Sale	$ -144,480						$ 180,000
Closing Costs	$ 2,000						$ -5,450
Holding Costs		$ -1,345	$ -1,345	$ -1,345	$ -1,345	$ -1,345	$ -1,345
Rehab Draws
Cash Flow	$ -146,480	$ -1,345	$ -1,345	$ -1,345	$ -1,345	$ -1,345	$ 173,205

Sale Proceeds Breakdown

After Repair Value	$ 180,000
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.	$ 5,450
Repair Costs	$ 0
Holding Costs (6 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.	$ 8,070
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.	$ 146,480
Net Rehab Profit	$ 20,000

There is no financing selected in this deal.

Property Report: 5960 W 25th Ct, Hialeah WHOLESALE PUBLISHED

Property Report :

5960 W 25th Ct, Hialeah, FL 33016

Executive Summary