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
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REI/kit
(855) 234-FLIP
info@reikit.com
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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

AddressDistBedsBathsSqftSold ($)$/sqftSale date
507 North Gill Street0.67 miles1.0854$151,000$1772019-07-23
207 E Barbee St0.36 miles32.01083$169,900$1572019-05-30
108 West Sycamore Street0.34 miles21.0936$192,000$2052019-07-12
Average:$170,967$179 

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
$200,640

Unadjusted Comps

Avg of Unadjusted $/sqft
$179
Subject Sqft
1,056
Calculated ARV
$189,024

CMA Detail

BasicsSubjectComparable Comparable Comparable
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Ismutthsmniw240000000000
Address206 W Oak St, Zebulon, NC 27597, USA507 North Gill Street, Zebulon, NC 27597, USA207 E Barbee St, Zebulon, NC 27597, USA108 West Sycamore Street, Zebulon, NC 27597, USA
Sold Date
-
2019-07-232019-05-302019-07-12
Sold $$151,000$169,900$192,000
Sqft1,0568541,083936
$/sqft$0$177$157$205
Features
Feature Values
UnitsUnitsAdjustmentUnitsAdjustmentUnitsAdjustment
Bedrooms
$03.000.00$03.00$02.00$0
Bathrooms
$02.001.00$02.00$01.00$0
Garage spaces
$00.000.00$00.00$00.00$0
Carport spaces
$00.000.00$00.00$00.00$0
Lot size sqft
$74,28615,246.007,405.00$13,3727,840.00$12,63012,632.00$4,458
Basement sqft
$00.000.00$00.00$00.00$0
Has pool
$00.000.00$00.00$00.00$0
Has view
$00.000.00$00.00$01.00$0
Adjustment Subtotals$13,372$12,630$4,458
Adjusted $/sqft$172$192$169$210
Adjusted ARV $$181,120$164,372$182,530$196,458
Notes

Purchase Costs

NameTypeCost
Inspection$ Amount$500
Title Insurance$ Amount$350
Legal Fees1.00 % of Purchase$1,000
Total Purchase Costs:$1,850

Sale Costs

NameTypeCost
Closing Costs1.00 % of Sale$1,811
Commission6.00 % of Sale$10,867
Total Sale Costs:$12,678

OpEx: Utilities & Periodic Costs

NameSetup ($)Amount ($/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