Fix and Flip Project
206 W Oak St, Zebulon, NC 27597, USA
Bedrooms: 3, Bathrooms: 2.0, Sqft: 1056, Lot Size: 15246, Year Built: 1978
Brought to you by:
REI/kit
(855) 234-FLIP
info@reikit.com
Financial Summary
Project Costs
Purchase Price | $100,000 | |
Purchase Costs | $1,850 | |
Rehab Costs | $16,250 | |
Rehab Contingency () | $0 | |
Rehab Holding Costs | $1,257 | |
Total Project Costs | $119,357 | |
Financing | $0 | |
Cash out of Pocket | $119,357 | |
Rehab Project Length | 4 Month(s) |
Project Returns
Sales Price | $181,120 | |
Project Costs | ($119,357) | |
Sale Costs | ($12,678) | |
Profit Amount | $49,085 | |
ROI | 41.12% | |
ROR | 123.37% | |
Unlevered ROI | 41.12% | |
Unlevered ROR | 123.37% |
Comps
| Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
| 108 West Sycamore Street | 0.34 miles | 2 | 1.0 | 936 | $192,000 | $205 | 2019-07-12 |
| 207 E Barbee St | 0.36 miles | 3 | 2.0 | 1083 | $169,900 | $157 | 2019-05-30 |
| 507 North Gill Street | 0.67 miles | 1.0 | 854 | $151,000 | $177 | 2019-07-23 | |
| Average: | $170,967 | $180 | |||||
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $181,120 | |
Subject Sqft | 1,056 | |
Adjusted $/sqft | $172 |
Unadjusted Comps
Avg of Sales ARV | $170,967 | |
Subject Sqft | 1,056 | |
Avg of Sales $/sqft | $162 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $190 | |
Subject Sqft | 1,056 | |
Calculated Adj. ARV | $200,992 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $180 | |
Subject Sqft | 1,056 | |
Calculated ARV | $189,728 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | ||||
|  | Image Not Available | Image Not Available | |||||
| Address | 206 W Oak St, Zebulon, NC 27597, USA | 108 West Sycamore Street, Zebulon, NC 27597, USA | 207 E Barbee St, Zebulon, NC 27597, USA | 507 North Gill Street, Zebulon, NC 27597, USA | ||||
| Sold Date | - | 2019-07-12 | 2019-05-30 | 2019-07-23 | ||||
| Sold $ | $192,000 | $169,900 | $151,000 | |||||
| Sqft | 1,056 | 936 | 1,083 | 854 | ||||
| $/sqft | $0 | $205 | $157 | $177 | ||||
| Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $0 | 3.00 | 2.00 | $0 | 3.00 | $0 | 0.00 | $0 |
Bathrooms | $0 | 2.00 | 1.00 | $0 | 2.00 | $0 | 1.00 | $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 | $74,286 | 15,246.00 | 12,632.00 | $4,458 | 7,840.00 | $12,630 | 7,405.00 | $13,372 |
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 | 1.00 | $0 | 0.00 | $0 | 0.00 | $0 |
| Adjustment Subtotals | $4,458 | $12,630 | $13,372 | |||||
| Adjusted $/sqft | $172 | $210 | $169 | $192 | ||||
| Adjusted ARV $ | $181,120 | $196,458 | $182,530 | $164,372 | ||||
| Notes | ||||||||
Purchase Costs
| Name | Type | Cost | |
| Inspection | $ Amount | $500 | |
| Title Insurance | $ Amount | $350 | |
| Legal Fees | 1.00 % of Purchase | $1,000 | |
| Total Purchase Costs: | $1,850 | ||
Sale Costs
| Name | Type | Cost | |
| Closing Costs | 1.00 % of Sale | $1,811 | |
| Commission | 6.00 % of Sale | $10,867 | |
| Total Sale Costs: | $12,678 | ||
OpEx: Utilities & Periodic Costs
| Name | Setup ($) | Amount ($/period) | Cost |
| Property Taxes | $0 | $1,130/ Year | $377 |
| Insurance | $0 | $100/Month | $400 |
| Electric | $0 | $30/Month | $120 |
| Gas | $0 | $30/Month | $120 |
| Sewer | $0 | $30/Month | $120 |
| Water | $0 | $30/Month | $120 |
| Total OpEx Costs: | $1,257 | ||
Summary Rehab Estimate
| Category | ($) Amount | |
| Windows | $1,250 | |
| Kitchens | $10,000 | |
| Bathrooms | $5,000 | |
| Total Rehab Cost: | $16,250 |
Property Photos