Wholesale Property
525 Cantrill St, Irvine, KY 40336, USA
Bedrooms: 4, Bathrooms: 2.0, Sqft: 1920, Lot Size: 8712
Financial Summary
Project Costs
Purchase Price | $48,000 | |
Wholesale Fee | $15,000 | |
Purchase Costs | $2,400 | |
Rehab Costs | $46,510 | |
Rehab Contingency () | $0 | |
Rehab Holding Costs | $2,065 | |
Total Project Costs | $98,975 | |
Financing | $0 | |
Cash out of Pocket | $98,975 | |
Rehab Project Length | 6 Month(s) |
Project Returns
Sales Price | $158,707 | |
Project Costs | ($98,975) | |
Sale Costs | ($8,321) | |
Profit Amount | $51,411 | |
ROI | 51.94% | |
ROR | 103.89% | |
Unlevered ROI | 51.94% | |
Unlevered ROR | 103.89% |
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $158,707 | |
Subject Sqft | 1,920 | |
Adjusted $/sqft | $83 |
Unadjusted Comps
Avg of Sales ARV | $122,225 | |
Subject Sqft | 1,920 | |
Avg of Sales $/sqft | $64 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $85 | |
Subject Sqft | 1,920 | |
Calculated Adj. ARV | $162,720 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $66 | |
Subject Sqft | 1,920 | |
Calculated ARV | $125,760 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | Comparable | |||||
| ||||||||||
| Address | 525 Cantrill St, Irvine, KY 40336, USA | 286 Broadway St, Irvine, KY 40336, USA | 95 Meade Dr, Irvine, KY 40336, USA | 515 Broadway St, Irvine, KY 40336, USA | 125 S Hudson Ave, Irvine, KY 40336, USA | |||||
| Sold Date | - | 2018-01-15 | 2018-04-13 | 2008-05-06 | 2015-04-07 | |||||
| Sold $ | $97,900 | $98,000 | $115,000 | $178,000 | ||||||
| Sqft | 1,920 | 1,844 | 1,825 | 2,078 | 1,788 | |||||
| $/sqft | $0 | $53 | $54 | $55 | $100 | |||||
| Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $5,000 | 4.00 | 4.00 | $0 | 3.00 | $5,000 | 3.00 | $5,000 | 3.00 | $5,000 |
Bathrooms | $5,000 | 2.00 | 1.00 | $5,000 | 2.00 | $0 | 2.00 | $0 | 2.00 | $0 |
Garage spaces | $2,500 | 0.00 | 0.00 | $0 | 0.00 | $0 | 2.00 | ($5,000) | 3.00 | ($7,500) |
Carport spaces | $500 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Lot size sqft | $7,500 | 8,712.00 | 24,829.00 | ($2,775) | 4,356.00 | $750 | 6,080.00 | $453 | 8,712.00 | $0 |
Basement sqft | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Has pool | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Has view | $5,000 | 1.00 | 0.00 | $5,000 | 0.00 | $5,000 | 0.00 | $5,000 | 0.00 | $5,000 |
Remodeled | $40,000 | 1.00 | 0.00 | $40,000 | 0.00 | $40,000 | 0.00 | $40,000 | 1.00 | $0 |
| Adjustment Subtotals | $47,225 | $50,750 | $45,453 | $2,500 | ||||||
| Adjusted $/sqft | $83 | $79 | $82 | $77 | $101 | |||||
| Adjusted ARV $ | $158,707 | $145,125 | $148,750 | $160,453 | $180,500 | |||||
| Notes | The neighborhood's market value has increased significantly in the past 3 years, almost 20%, when compared to the nearby neighborhoods. (Zillow) | |||||||||
OpEx: Utilities & Periodic Costs
| Name | Setup ($) | Amount ($/period) | Cost |
| Property Taxes | $0 | $420/ Year | $210 |
| Property Management | $0 | $50/Month | $300 |
| Water | $115 | $30/Month | $295 |
| Sewer | $50 | $10/Month | $110 |
| Gas | $0 | /Month | $0 |
| Electric | $150 | $50/Month | $450 |
| Insurance | $100 | $100/Month | $700 |
| Total OpEx Costs: | $2,065 | ||
Detailed Rehab Estimate
| Item | Qty | Cost | |
Windows | |||
| Windows, Vinyl Windows, Vinyl single-hung stock replacement windows, insulating glass, 35-7/8" x 24-7/8" | 4.0 Each @ $113.18 | $452.72 | |
| Windows, Vinyl Windows, Vinyl single-hung stock replacement windows, insulating glass, 35-7/8" x 49-1/2", 6/6 grille | 2.0 Each @ $169.81 | $339.62 | |
| Windows Subtotal: | $792.34 | ||
Foundations and Slabs | |||
| Foundations and Slabs, Concrete Flatwork, Concrete slabs, walks and driveways, 4" thick | 250.0 Square Feet @ $5.20 | $1,300.00 | |
| Foundations and Slabs, Concrete Flatwork, Driveway and walkway edge forms, 3 use | 100.0 LF @ $1.44 | $144.00 | |
| Foundations and Slabs Subtotal: | $1,444.00 | ||
Rough Carpentry | |||
| Rough Carpentry, Changes to Roof Framing, Rafters, 2" x 10", Std & Btr, Remove and replace 2" x 10" rafter, per LF | 120.0 LF @ $3.11 | $373.20 | |
| Rough Carpentry, Changes to Roof Framing, Roof sheathing, CDX plywood sheathing, rough, power nailed, including normal waste, 1/2" | 250.0 Square Feet @ $0.94 | $235.00 | |
| Rough Carpentry, Changes to Roof Framing, Fascia board, Remove and replace fascia board at roof eaves per linear foot of fascia | 200.0 LF @ $2.25 | $450.00 | |
| Rough Carpentry, Changes to Walls and Ceilings, Adding ceiling joists, Add 2" x 10" ceiling joist, Per linear foot of joist | 200.0 LF @ $2.13 | $426.00 | |
| Rough Carpentry, Changes to Walls and Ceilings, Remove and replace interior partition wall, 2" x 4" stud walls with 1/2" gypsum drywall both sides, ready for painting, Cost per running foot, 8' high wall | 75.0 LF @ $28.26 | $2,119.50 | |
| Rough Carpentry, Framing Room Additions, Door opening framing, Over 3' to 4' wide (4" x 6" header) | 2.0 Each @ $45.55 | $91.10 | |
| Rough Carpentry, Framing Room Additions, Add floor joists under an existing building, Set 2" x 6" floor joist, Work done in a basement | 200.0 LF @ $1.63 | $326.00 | |
| Rough Carpentry Subtotal: | $4,020.80 | ||
Insulation and Moisture Control | |||
| Insulation and Moisture Control, Fiberglass Insulation, Kraft-faced fiberglass roll insulation, R-11, 23" x 70'6" x 3-1/2" thick | 1000.0 Square Feet @ $0.57 | $570.00 | |
| Insulation and Moisture Control Subtotal: | $570.00 | ||
Siding and Trim | |||
| Siding and Trim, Wood Board Siding, Redwood 5/8" shiplap siding, 8' lengths | 250.0 Square Feet @ $5.84 | $1,460.00 | |
| Siding and Trim Subtotal: | $1,460.00 | ||
Roofing and Flashing | |||
| Roofing and Flashing, Roof Repairs, Repair roof deck - remove and replace, Plywood 4' x 8' sheets or partial sheets | 1000.0 Square Feet @ $1.01 | $1,010.00 | |
| Roofing and Flashing, Roof Repairs, Remove and replace asphalt shingles, 31 square foot patch (25 shingles) | 40.0 Each @ $52.61 | $2,104.40 | |
| Roofing and Flashing Subtotal: | $3,114.40 | ||
Walls and Ceilings | |||
| Walls and Ceilings, Prefinished Molding, Combination base molding, Royal Mouldings, 8', Clearwood | 40.0 Each @ $25.75 | $1,030.00 | |
| Walls and Ceilings Subtotal: | $1,030.00 | ||
Floors and Tile | |||
| Floors and Tile, Ceramic Tile Installation, Setting counter, wall and floor tile in thin-set mortar, Floors, Ceramic mosaic field tile | 80.0 Square Feet @ $5.63 | $450.40 | |
| Floors and Tile, Wood Strip and Plank Flooring, Rustic oak plank flooring, Toffee | 1600.0 Square Feet @ $2.86 | $4,576.00 | |
| Floors and Tile Subtotal: | $5,026.40 | ||
Kitchens | |||
| Kitchens, Stock Kitchen Countertops, Post-formed double-radius premium plastic laminate countertop, 10' long, left-hand miter | 1.0 Each @ $176.78 | $176.78 | |
| Kitchens, Stock Kitchen Countertops, Post-formed double-radius premium plastic laminate countertop, 10' long | 1.0 Each @ $176.78 | $176.78 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished base cabinets, 45" wide, blind corner base | 1.0 Each @ $254.31 | $254.31 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished base cabinets, 12" wide, 1 door | 1.0 Each @ $138.98 | $138.98 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished base cabinets, 36" wide, 2 doors | 1.0 Each @ $280.31 | $280.31 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished base cabinets, 15" wide, 3-drawer base | 1.0 Each @ $223.05 | $223.05 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished base cabinets, 15" wide, 1 door | 1.0 Each @ $143.98 | $143.98 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished wall cabinets, 24" wide x 30" high, corner angle cabinet | 1.0 Each @ $219.05 | $219.05 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished wall cabinets, 30" wide x 18" high | 1.0 Each @ $144.05 | $144.05 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished wall cabinets, 30" wide x 30" high | 1.0 Each @ $176.31 | $176.31 | |
| Kitchens, Kitchen Cabinets, Finished Kitchen Cabinets, Arctic white finished wall cabinets, 18" wide x 30" high | 2.0 Each @ $127.05 | $254.10 | |
| Kitchens, Garbage Disposers, 1/2-horsepower food waste disposer, In-Sink-Erator, Badger 5(r) | 1.0 Each @ $107.74 | $107.74 | |
| Kitchens, Bar Sinks, Stainless steel bar sink, 15" x 15" x 5-1/2" deep | 1.0 Each @ $124.82 | $124.82 | |
| Kitchens, Bar Faucets, Bar faucet, two-handle, Brass finish | 1.0 Each @ $170.86 | $170.86 | |
| Kitchens, Stock Kitchen Countertops, Post-formed double-radius premium plastic laminate countertop, 10' long, right-hand miter | 1.0 Each @ $176.78 | $176.78 | |
| Kitchens Subtotal: | $2,767.90 | ||
Bathrooms | |||
| Bathrooms, Lighted Bath Exhaust Fans, Economy bath exhaust fan and light, Broan Manufacturing, 50 CFM, 3.5 sones | 1.0 Each @ $70.34 | $70.34 | |
| Bathrooms, Shower Stalls, One-piece shower stall, Lasco Bathware, 32" x 32", smooth finish | 1.0 Each @ $391.56 | $391.56 | |
| Bathrooms, Vanity Cabinets with Countertop and Basin, Vanity cabinet with cultured marble top and mirror, 24" wide x 13" deep x 31" high | 2.0 Each @ $231.34 | $462.68 | |
| Bathrooms, Bath Exhaust Fans, Economy ceiling or wall bath fan, 50 CFM, 2.0 sones | 1.0 Each @ $41.04 | $41.04 | |
| Bathrooms, Two-Handle Bath Faucets, Bedford two-handle lavatory faucet, Price Pfister, Without pop-up drain | 2.0 Each @ $64.04 | $128.08 | |
| Bathrooms, Toilets (Water Closets), Champion toilet, American Standard, Toilet tank, white | 2.0 Each @ $151.67 | $303.34 | |
| Bathrooms, Single-Control Tub and Shower Faucets, Single-control tub and shower faucet, With diverter spout | 2.0 Each @ $194.26 | $388.52 | |
| Bathrooms Subtotal: | $1,785.56 | ||
Plumbing and HVAC | |||
| Plumbing and HVAC, Heating System Renovations, Central air conditioning, 5 ton, over 2,000 square feet | 1.0 Each @ $5,471.44 | $5,471.44 | |
| Plumbing and HVAC Subtotal: | $5,471.44 | ||
Electrical | |||
| Electrical, Switches and Receptacles, Residential-grade duplex straight blade receptacle, Leviton, 15 amps, white | 45.0 Each @ $5.83 | $262.35 | |
| Electrical, Switches and Receptacles, GFCI receptacle, 15 amps, white | 5.0 Each @ $31.62 | $158.10 | |
| Electrical, Switches and Receptacles, Single-gang plastic wall plate, Leviton, 2 toggle switches | 5.0 Each @ $3.55 | $17.75 | |
| Electrical, Lighting Fixtures, Chrome bath bar light fixture, 2 light, chrome, 13-1/4" long | 2.0 Each @ $77.57 | $155.14 | |
| Electrical, Switches and Receptacles, Single-gang plastic wall plate, Leviton, 1 toggle switch | 10.0 Each @ $1.57 | $15.70 | |
| Electrical, Ceiling Fans, Ceiling fan with light kit, indoor or outdoor, 52", white, white blades | 3.0 Each @ $208.12 | $624.36 | |
| Electrical, Smoke Detectors, Interconnected Smoke and CO Alarm, 120-volt interconnectable | 7.0 Each @ $45.17 | $316.19 | |
| Electrical, Switches and Receptacles, Single-gang plastic wall plate, Leviton, 1 duplex receptacle | 45.0 Each @ $1.57 | $70.65 | |
| Electrical, Switches and Receptacles, Residential-grade AC quiet toggle switch, Leviton, 1 pole, white | 10.0 Each @ $10.52 | $105.20 | |
| Electrical, Lighting Fixtures, Glass globe ceiling light fixture, Flush mount | 10.0 Each @ $26.97 | $269.70 | |
| Electrical Subtotal: | $1,995.14 | ||
Porches and Decks | |||
| Porches and Decks, Deck railing, Pine, pressure treated | 40.0 LF @ $10.11 | $404.40 | |
| Porches and Decks Subtotal: | $404.40 | ||
Painting and Finishing | |||
| Painting and Finishing, Labor Estimates for Painting, Cost to repaint a home interior, Repaint a home interior, per 100 SF of floor | 20.0 100 Square Feet @ $93.38 | $1,867.60 | |
| Painting and Finishing Subtotal: | $1,867.60 | ||
Doors | |||
| Doors, Exterior Doors, Remove and replace exterior door casing, jamb and stop, Door opening to 36" x 80" | 1.0 Each @ $169.14 | $169.14 | |
| Doors, Door Hardware, House numbers, 4" high, stainless steel | 3.0 Each @ $9.41 | $28.23 | |
| Doors, Door Hardware, Door stops, Floor-mounted door bumper | 7.0 Each @ $11.80 | $82.60 | |
| Doors, Entry Locksets, Deadbolt and lockset combo, Brass, double cylinder | 2.0 Each @ $77.34 | $154.68 | |
| Doors, Storm Doors, All-season storm doors, 32" x 80" | 1.0 Each @ $311.92 | $311.92 | |
| Doors Subtotal: | $746.57 | ||
Other | |||
| Landscapping | 1.0 Each @ $2,500.00 | $2,500.00 | |
| Appliance package | 1.0 Each @ $2,500.00 | $2,500.00 | |
| Other Subtotal: | $5,000.00 | ||
Setup | |||
| General contractor markup | 20.00 % | $7,799.71 | |
| Materials sales tax | 6.00 % | $1,261.98 | |
| Total Cost: | $46,798.24 | ||
Property Photos
