Purchase Price | $60,000 | |
Purchase Costs | $1,800 | |
Rehab Costs | $50,350 | |
Rehab Contingency () | $0 | |
Rehab Holding Costs | $1,303 | |
Total Project Costs | $113,453 | |
Financing | $0 | |
Cash out of Pocket | $113,453 | |
Rehab Project Length | 4 Month(s) |
Sales Price | $154,000 | |
Project Costs | ($113,453) | |
Sale Costs | ($4,620) | |
Profit Amount | $35,927 | |
ROI | 31.67% | |
ROR | 95.00% | |
Unlevered ROI | 31.67% | |
Unlevered ROR | 95.00% |
Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
Dundee, Mi | 0.22 miles | 2 | 1.0 | 1100 | $144,000 | $131 | 2023-01-06 |
Dundee, Mi | 0.7 miles | 2 | 1.0 | 1199 | $170,000 | $142 | 2022-01-12 |
Dundee, Mi | 0.12 miles | 3 | 1.0 | 1132 | $206,000 | $182 | 2023-07-06 |
Dundee, Mi | 0.1 miles | 3 | 2.0 | 1149 | $158,000 | $138 | 2023-03-20 |
Average: | $169,500 | $148 |
Avg of Adjusted Sales ARV | $169,500 | |
Subject Sqft | 910 | |
Adjusted $/sqft | $186 |
Avg of Sales ARV | $169,500 | |
Subject Sqft | 910 | |
Avg of Sales $/sqft | $186 |
Avg of Adjusted $/sqft | $148 | |
Subject Sqft | 910 | |
Calculated Adj. ARV | $134,908 |
Avg of Unadjusted $/sqft | $148 | |
Subject Sqft | 910 | |
Calculated ARV | $134,908 |
Basics | Subject | Comparable | Comparable | Comparable | Comparable | |||||
![]() | Image Not Available | Image Not Available | Image Not Available | Image Not Available | ||||||
Address | Dundee, Mi | Dundee, Mi | Dundee, Mi | Dundee, Mi | Dundee, Mi | |||||
Sold Date | 2021-06-24 | 2023-01-06 | 2022-01-12 | 2023-07-06 | 2023-03-20 | |||||
Sold $ | $25,000 | $144,000 | $170,000 | $206,000 | $158,000 | |||||
Sqft | 910 | 1,100 | 1,199 | 1,132 | 1,149 | |||||
$/sqft | $27 | $131 | $142 | $182 | $138 | |||||
Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $0 | 2.00 | 2.00 | $0 | 2.00 | $0 | 3.00 | $0 | 3.00 | $0 |
Bathrooms | $0 | 1.00 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 2.00 | $0 |
Garage spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Carport spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Lot size sqft | $0 | 6,098.00 | 39,204.00 | $0 | 13,068.00 | $0 | 12,632.00 | $0 | 14,375.00 | $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 | $0 | 1.00 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 |
Adjustment Subtotals | $0 | $0 | $0 | $0 | ||||||
Adjusted $/sqft | $186 | $131 | $142 | $182 | $138 | |||||
Adjusted ARV $ | $169,500 | $144,000 | $170,000 | $206,000 | $158,000 | |||||
Notes |
Name | Type | Cost | |
Closing | 3.00 % of Purchase | $1,800 | |
Total Purchase Costs: | $1,800 |
Name | Type | Cost | |
Commission | 3.00 % of Sale | $4,620 | |
Total Sale Costs: | $4,620 |
Name | Setup ($) | Amount ($/period) | Cost |
Property Taxes | $0 | $1,839/ Year | $613 |
Water | $100 | $30/Month | $220 |
Electric | $170 | $60/Month | $410 |
Sewer | $20 | $10/Month | $60 |
Total OpEx Costs: | $1,303 |
Category | ($) Amount | |
Walls and Ceilings | $3,600 | |
Windows | $2,500 | |
Doors | $3,750 | |
Kitchens | $12,000 | |
Bathrooms | $6,000 | |
Painting and Finishing | $2,700 | |
Floors and Tile | $3,900 | |
Siding and Trim | $4,900 | |
Other | $2,000 | |
Deck | $5,000 | |
Electrical | $4,000 | |
Total Rehab Cost: | $50,350 |