6417 Barre Rd, Loveland OH 45140

6417 Barre Rd, Loveland, OH 45140

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1972, Size: 1628 SF

Investment strategy: Fix and Flip

Purchase Price$ 265,000

Rehab Estimate$ 40,000

Project Profit$ 32,600

After Repair Value$ 360,000

Investment Summary

After Repair Value	$ 360,000
Calculated Project Profit	$ 32,600
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.	84.72 %
Return on Investment	10.66 %
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).	$ 305,800
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 305,800

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 265,000
Buying Costs	$ 800
Total	$ 265,800

Repair Costs
Repair Costs Lump Sum	$ 40,000
Total	$ 40,000

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

Selling Costs
Commissions (6%)	$ 21,600
Selling Costs	$ 0
Total	$ 21,600

Purchase Price	$ 265,000
Address	6417 Barre Rd , Loveland, 45140, OH
Year Built	1972
Type	Singlefamily
Size	1628 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Change	Event
5/15/2000
2/4/1986

6417 Barre Rd Loveland, OH 45140

$ 360,000

Property ARV
Singlefamily

Bldg type
1,628

SqFt
$ 221

per SqFt
3

Beds
2

Baths

#	Property address	Distance	Beds	Baths	SqFt	Bldg type	Date sold	Sale price	$/SqFt
1	6215 Spires Dr	0.5mi	3	2.5	1,868	single_family	3/7/2023	$ 360,000	$ 193
2	1166 E Glen Echo Ln	0.8mi	3	2	1,636	single_family	1/31/2023	$ 360,000	$ 220
3	6058 Chamblee Dr	0.8mi	3	2.5	1,734	single_family	3/23/2023	$ 335,000	$ 193
4	6038 Marsh Cir	1.0mi	3	2.5	1,720	single_family	4/6/2023	$ 457,000	$ 266
5	6024 Marsh Cir	1.0mi	3	2.5	1,847	single_family	1/17/2023	$ 243,000	$ 132
Average:								$ 351,000	$ 201

Financial Breakdown

Purchase Price	$ 265,000
Purchase Costs	$ 800
Repair Costs	$ 40,000
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).	$ 305,800
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 305,800
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.	$ 305,800

Project Returns

Gross Rehab Profit	$ 32,600
Return on Investment	10.66 %
Annualized ROI	31.98 %
Internal Rate of Return	37.60 %

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	$ -265,000				$ 360,000
Closing Costs	$ 800				$ -21,600
Holding Costs
Rehab Draws		$ -20,000	$ -20,000
Cash Flow	$ -265,800	$ -20,000	$ -20,000	$ 0	$ 338,400

Sale Proceeds Breakdown

After Repair Value	$ 360,000
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.	$ 21,600
Repair Costs	$ 40,000
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.	$ 265,800
Net Rehab Profit	$ 32,600

Property Report: 6417 Barre Rd, Loveland FIX & FLIP

Property Report :

6417 Barre Rd, Loveland, OH 45140

Executive Summary