9921 Westview Dr, houston TX 77055

9921 Westview Dr, houston, TX 77055

Singlefamily:

Investment strategy: Fix and Flip

Purchase Price$ 232,500

Rehab Estimate$ 2,000

Project Profit$ -20,177

After Repair Value$ 245,000

Investment Summary

After Repair Value	$ 245,000
Calculated Project Profit	$ -20,177
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.	95.71 %
Return on Investment	-86.13 %
Project Term	8 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).	$ 250,477
Financing	$ 227,050
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 23,427

Project Cost Breakdown

Purchase Costs
Purchase Price	$ 232,500
Buying Costs	$ 2,517
Total	$ 235,017

Repair Costs
Repair Costs Lump Sum	$ 2,000
Total	$ 2,000

Holding Costs
Monthly Holding Costs	$ 1,200
Monthly Loan Payments (interest)	$ 482
Total Months Held	8
Total	$ 13,460

Selling Costs
Commissions (6%)	$ 14,700
Selling Costs	$ 0
Total	$ 14,700

Purchase Price	$ 232,500
Address	9921 Westview Dr , houston, 77055, TX
Type	Singlefamily

Financial Breakdown

Purchase Price	$ 232,500
Purchase Costs	$ 2,517
Repair Costs	$ 2,000
Holding Costs	$ 13,460
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 250,477
Financing	$ 227,050
Total Cash Needed Cash out of Pocket Shows rehabber's cash outlay. Cash out of Pocket Shows rehabber's cash outlay.	$ 23,427
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.	$ 11,950
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.	$ 11,477

Project Returns

Gross Rehab Profit	$ -20,177
Return on Investment	-86.13 %
Annualized ROI	-129.19 %
Internal Rate of Return	N/A

Timeline Assumptions

Rehab Period	6 months
Listing Period	2 months
Total Holding Period	8 months

Financing		% of ARV
Down Payment	$ 11,950	4.88 %
Prosperity Bank	$ 227,050	92.67 %

Prosperity Bank Financing of: Specific amount ($ 239,000)
Type	Interest-Only
Loan Amount	$ 227,050
Down payment (5%)	$ 11,950
Loan term	8 months
Interest Rate	2.55 %
Monthly Payment	$ 482.48

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 2.55% p.a.

Month	0	1	2	3	4	5	6	7	8
Purchase/Sale	$ -232,500								$ 245,000
Financing	$ 227,050								$ -227,050
Closing Costs	$ 2,517								$ -14,700
Holding Costs		$ -1,200	$ -1,200	$ -1,200	$ -1,200	$ -1,200	$ -1,200	$ -1,200	$ -1,200
Rehab Draws		$ -333	$ -333	$ -333	$ -333	$ -333	$ -333
Loan Payment		$ -482	$ -482	$ -482	$ -482	$ -482	$ -482	$ -482	$ -482
Cash Flow	$ -7,967	$ -2,016	$ -2,016	$ -2,016	$ -2,016	$ -2,016	$ -2,016	$ -1,682	$ 1,568

Sale Proceeds Breakdown

After Repair Value	$ 245,000
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.	$ 14,700
Repair Costs	$ 2,000
Holding Costs (8 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.	$ 9,600
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.	$ 3,860
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.	$ 235,017
Net Rehab Profit	$ -20,177

Lender Summary for Prosperity Bank

Financing of: Specific amount ($ 239,000)
Type: Interest-Only
Loan term: 8 months

Loan Assumptions		% of ARV
After Repair Value	$ 245,000	100.00 %
Purchase Price	$ 232,500	94.90 %
Purchase Costs	$ 2,517	1.03 %
Repair Costs	$ 2,000	0.82 %
Holding Costs	$ 13,460	5.49 %
Total Capital Needed Total Capital Needed Includes all projects costs (except selling costs). Total Capital Needed Includes all projects costs (except selling costs).	$ 250,477	102.24 %
Financed Amount	$ 239,000	97.55 %
Down payment (5%)	$ 11,950	4.88 %
Loan Amount	$ 227,050	92.67 %

Lender Returns
Interest Rate	2.55 %
Interest Income	$ 3,860
Total Income to Lender	$ 3,860
Lender's ROI	1.70 %
Lender's Annualized ROI	2.55 %

Property Report: 9921 Westview Dr, houston FIX & FLIP

Property Report :

9921 Westview Dr, houston, TX 77055

Executive Summary