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
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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

AddressDistBedsBathsSqftSold ($)$/sqftSale date
St Louis, MO0.31 miles33.02591$221,000$852018-06-27
St Louis, MO0.29 miles33.02432$237,000$972018-05-11
St Louis, MO0.29 miles33.02880$279,000$972018-09-25
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

BasicsSubjectComparable Comparable Comparable
StreetviewStreetview?size=800x600&location=2641 wyoming st, st1?mapsize=800,600&heading=0&pitch=0&key=ap6wghpk1qhhzqfe1gjz5lyur zqarau0ygxwpsp2w 0nlf nngquvnu2frnae2nIsq55h55fsdym31000000000
AddressSaint Louis, MOSt Louis, MOSt Louis, MOSt Louis, MO
Sold Date
-
2018-06-272018-05-112018-09-25
Sold $$221,000$237,000$279,000
Sqft2,9042,5912,4322,880
$/sqft$0$85$97$97
Features
Feature Values
UnitsUnitsAdjustmentUnitsAdjustmentUnitsAdjustment
Bedrooms
$04.003.00$03.00$03.00$0
Bathrooms
$02.003.00$03.00$03.00$0
Garage spaces
$00.000.00$00.00$00.00$0
Carport spaces
$00.000.00$00.00$00.00$0
Lot size sqft
$00.003,136.00$00.00$03,136.00$0
Basement sqft
$00.000.00$00.00$00.00$0
Has pool
$00.000.00$00.00$00.00$0
Has view
$00.000.00$00.00$00.00$0
Adjustment Subtotals$0$0$0
Adjusted $/sqft$85$85$97$97
Adjusted ARV $$245,667$221,000$237,000$279,000
NotesSALE TYPE: PAST SALE LOCATION: Central East $/SQUARE FEET: 85 STATUS: SoldSALE TYPE: PAST SALE LOCATION: Central East $/SQUARE FEET: 97 STATUS: SoldSALE TYPE: PAST SALE LOCATION: Central East $/SQUARE FEET: 97 STATUS: Sold