TENDERFOOT: 6980 Tenderfoot Ln, Cincinnati OH 45249

6980 Tenderfoot Ln, Cincinnati, OH 45249

Singlefamily: 3 bedrooms , 2 bathrooms

Year built: 1963, Size: 1260 SF

Investment strategy: Fix and Flip

Maximum Allowable Offer$ 80,406

Rehab Estimate$ 120,000

Project Profit$ 80,000

After Repair Value$ 299,900

Investment Summary

After Repair Value	$ 299,900
Project Profit	$ 80,000
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.	66.82 %
Return on Investment	39.62 %
Project Term	5 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).	$ 201,906
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 201,906

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 80,406
Buying Costs	$ 1,500
Total	$ 81,906

Repair Costs
Repair Costs Lump Sum	$ 120,000
Total	$ 120,000

Holding Costs
Monthly Holding Costs	$ 0
Total Months Held	5
Total	$ 0

Selling Costs
Commissions (6%)	$ 17,994
Selling Costs	$ 0
Total	$ 17,994

Purchase Price	$ 80,406
Address	6980 Tenderfoot Ln , Cincinnati, 45249, OH
Year Built	1963
Type	Singlefamily
Size	1260 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Change	Event
12/31/2020

Financial Breakdown

Purchase Price	$ 80,406
Purchase Costs	$ 1,500
Repair Costs	$ 120,000
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).	$ 201,906
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 201,906
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.	$ 201,906

Project Returns

Gross Rehab Profit	$ 80,000
Return on Investment	39.62 %
Annualized ROI	95.09 %
Internal Rate of Return	N/A

Timeline Assumptions

Rehab Period	3 months
Listing Period	2 months
Total Holding Period	5 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
Purchase/Sale	$ -200,286					$ 299,900
Closing Costs	$ 1,500					$ -17,994
Holding Costs
Rehab Draws		$ -40,000	$ -40,000	$ -40,000
Cash Flow	$ -201,786	$ -40,000	$ -40,000	$ -40,000	$ 0	$ 281,906

Sale Proceeds Breakdown

After Repair Value	$ 299,900
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.	$ 17,994
Repair Costs	$ 120,000
Holding Costs (5 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.	$ 81,906
Net Rehab Profit	$ 80,000

Property Report: TENDERFOOT FIX & FLIP

Property Report :

TENDERFOOT

6980 Tenderfoot Ln, Cincinnati, OH 45249

Executive Summary

6980 Tenderfoot Ln, Cincinnati, OH 45249

Investment Summary

70% Rule

70% Rule

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Project Cost Breakdown

Property Description

Property History

Financial Analysis

Financial Breakdown

Total Capital Needed

Total Capital Needed

Cash out of Pocket

Cash out of Pocket

Cash at Closing

Cash at Closing

Cash During Flip

Cash During Flip

Project Returns

Timeline Assumptions

Financing Overview

Cash Flow Forecast

Resale Analysis

Sale Proceeds Breakdown

Cost of Sale

Cost of Sale

Holding Costs

Holding Costs

Financing

Financing

Purchase incl. Costs

Purchase incl. Costs

Photos