919 Scaffold Cane Rd, Berea KY 40403

919 Scaffold Cane Rd, Berea, KY 40403

Singlefamily: 3 bedrooms , 2 bathrooms

Size: 1100 SF

Investment strategy: Wholesale deal offered to a flipper

Maximum Allowable Offer$ 86,423

Wholesale Fee$ 7,777

Flipper's Profit$ 25,000

Rehab Estimate$ 25,000

A-B Investment

Contract Price	$ 86,423
Wholesale Assignment Fee	$ 7,777
Wholesale Price	$ 94,200

B-C Investment

Purchase Price	$ 94,200
Closing Costs	$ 1,500
Rehab Estimate	$ 25,000
After Repair Value	$ 155,000
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 120,700
Flipper's Profit	$ 25,000
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.	76.90 %
Return on Investment	20.71 %
Project Term	2 months

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 94,200
Buying Costs	$ 1,500
Total	$ 95,700

Repair Costs
Repair Costs Lump Sum	$ 25,000
Total	$ 25,000

Holding Costs
Monthly Holding Costs	$ 0
Total Months Held	2
Total	$ 0

Selling Costs
Commissions (6%)	$ 9,300
Selling Costs	$ 0
Total	$ 9,300

This property was last sold for $77,900 in 2013 and currently has an estimated value of $128,600. According to the Berea public records, the property at 919 Scaffold Cane Rd, Berea, KY 40403 has approximately 1100 square feet, 3 beds and 2 baths with a lot size of 1.00 acres. Nearby schools include Madison Southern High School, Foley Middle School and Silver Creek Elementary School.

Purchase Price	$ 94,200
Address	919 Scaffold Cane Rd , Berea, 40403, KY
Type	Singlefamily
Size	1100 SF
Bedrooms	3
Bathrooms	2

Property History

Date	Price	Change	Event
4/18/2013
1/15/2013
12/11/2012
11/6/2012
5/25/2012
5/24/2012
9/8/2011
4/2/2011

Financial Breakdown

Purchase Price	$ 94,200
Purchase Costs	$ 1,500
Repair Costs	$ 25,000
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).	$ 120,700
Financing	$ 0
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 120,700
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.	$ 120,700

Project Returns

Gross Rehab Profit	$ 25,000
Return on Investment	20.71 %
Annualized ROI	124.26 %
Internal Rate of Return	250.00 %

Timeline Assumptions

Rehab Period	1 months
Listing Period	1 months
Total Holding Period	2 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
Purchase/Sale	$ -94,200		$ 155,000
Closing Costs	$ 1,500		$ -9,300
Holding Costs
Rehab Draws		$ -25,000
Cash Flow	$ -95,700	$ -25,000	$ 145,700

Sale Proceeds Breakdown

After Repair Value	$ 155,000
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.	$ 9,300
Repair Costs	$ 25,000
Holding Costs (2 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.	$ 95,700
Net Rehab Profit	$ 25,000

Property Report :

919 Scaffold Cane Rd, Berea, KY 40403

Executive Summary