Fix and Flip Project
Saint Louis, MO
Bedrooms: 4, Bathrooms: 2.0, Sqft: 2904, Lot Size: 0, Year Built: 1900
Brought to you by:
REI/kit
(855) 234-FLIP
info@reikit.com
Financial Summary
Project Costs
Purchase Price | $70,000 | |
Purchase Costs | $700 | |
Rehab Costs | $30,000 | |
Rehab Contingency (20%) | $6,000 | |
Rehab Holding Costs | $4,235 | |
Total Project Costs | $110,935 | |
Financing | ($78,420) | |
Cash out of Pocket | $32,515 | |
Rehab Project Length | 9 Month(s) |
Project Returns
Sales Price | $230,000 | |
Project Costs | ($110,935) | |
Sale Costs | ($19,050) | |
Profit Amount | $100,015 | |
JV Partner Share (50.00%) | $50,007 | |
Remaining Share | $50,007 | |
ROI | 307.59% | |
ROR | 410.12% | |
Unlevered ROI | 90.16% | |
Unlevered ROR | 120.21% |
Comps
| Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
| St Louis, MO | 0.29 miles | 3 | 3.0 | 2880 | $279,000 | $97 | 2018-09-25 |
| St Louis, MO | 0.29 miles | 3 | 3.0 | 2432 | $237,000 | $97 | 2018-05-11 |
| St Louis, MO | 0.31 miles | 3 | 3.0 | 2591 | $221,000 | $85 | 2018-06-27 |
| Average: | $245,667 | $93 | |||||
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $245,667 | |
Subject Sqft | 2,904 | |
Adjusted $/sqft | $85 |
Unadjusted Comps
Avg of Sales ARV | $245,667 | |
Subject Sqft | 2,904 | |
Avg of Sales $/sqft | $85 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $93 | |
Subject Sqft | 2,904 | |
Calculated Adj. ARV | $270,072 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $93 | |
Subject Sqft | 2,904 | |
Calculated ARV | $270,072 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | ||||
|  | |||||||
| Address | Saint Louis, MO | St Louis, MO | St Louis, MO | St Louis, MO | ||||
| Sold Date | - | 2018-09-25 | 2018-05-11 | 2018-06-27 | ||||
| Sold $ | $279,000 | $237,000 | $221,000 | |||||
| Sqft | 2,904 | 2,880 | 2,432 | 2,591 | ||||
| $/sqft | $0 | $97 | $97 | $85 | ||||
| Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $0 | 4.00 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 |
Bathrooms | $0 | 2.00 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 |
Garage spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Carport spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Lot size sqft | $0 | 0.00 | 3,136.00 | $0 | 0.00 | $0 | 3,136.00 | $0 |
Basement sqft | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Has pool | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Has view | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
| Adjustment Subtotals | $0 | $0 | $0 | |||||
| Adjusted $/sqft | $85 | $97 | $97 | $85 | ||||
| Adjusted ARV $ | $245,667 | $279,000 | $237,000 | $221,000 | ||||
| Notes | SALE TYPE: PAST SALE LOCATION: Central East $/SQUARE FEET: 97 STATUS: Sold | SALE TYPE: PAST SALE LOCATION: Central East $/SQUARE FEET: 97 STATUS: Sold | SALE TYPE: PAST SALE LOCATION: Central East $/SQUARE FEET: 85 STATUS: Sold | |||||
Property Photos