4124 Merriman Drive Flip Analysis

Category: fix and flip 

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Snap Shot
Purchase costs$87,000.00
Rehab costs$20,000.00
Holding costs$1,975.00
Total Investment$108,975.00
Selling price$145,000.00
Selling expenses$11,800.00
Net Selling price$133,200.00
Raw Profit (before financing)$24,225.00

 

Profit Scenarios / FinancingCashConventionalPrivate
Total Investment (down-payment)$108,975.00$29,000.00$50,750.00
Financing expenses$0.00$5,613.18$8,617.34
Profit$24,225.00$18,611.82$15,607.66
ROI22.23%64.18%30.75%
Annualized ROI44.46%128.36%61.51%

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OVERVIEW
Address4124 Merriman Drive
Purchase Price$85,000.00
ARV (After Repair Value)$145,000.00
Estimated Duration Months (Purchase to Sale)5
PURCHASE COSTS:
Purchase Price$85,000.00
Inspection(s)$275.00
Appraisal(s)$450.00
Survey(s)$275.00
Lender Fees/Costs$0.00
Closing Costs$1,000.00
Other$0.00
Total:$87,000.00
REHAB COSTS
Labor (from page 2)$10,000.00
Materials (from page 2)$10,000.00
Total:$20,000.00
HOLDING COSTS
Property Taxes2.40%$850.00
Insurance60$300.00
Utilities65$325.00
Lawn Care50$250.00
Other50$250.00
Total:$1,975.00
FINANCING COSTS
Mortgage Payments (conventional)$5,613.18
SELLING COSTS
Commission To Agents6.00%$8,700.00
Buyer Home Warranty$350.00
Buyer Termite Letter$0.00
Buyer’s Closing Costs$2,250.00
Seller’s Closing Costs$500.00
Total:$11,800.00
Selling Price$145,000.00
Net Selling Price$133,200.00
Total Investment$114,588.18
PROFIT:$18,611.82
ROI16.24%
Annualized ROI38.98%

Financial Analysis OptionsCashConventionalPrivate
Financed %080.00%65.00%
Financed Amount (ARV)0$116,000.00$94,250.00
Rate05.50%12.00%
Points24
Points ($)$2,320.00$3,770.00
Monthly Payment$658.64$969.47
Payments Per Period5$3,293.18$4,847.34
Total Loan$5,613.18$8,617.34

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Area Information

[srp_profile lat=”33.036584″ lng=”-96.64807989999997″ address=”4124 Merriman Drive” city=”plano” state=”TX” zip_code=”75074″]

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