Fix and Flip Project
685 Mc Kinley Ave, Bedford, OH 44146, USA
Bedrooms: 3, Bathrooms: 1.0, Sqft: 1236, Lot Size: 7500, Year Built: 1951
Brought to you by:
TURBO REALTY LLC,
(216) 279-5242
deangelo@turborealtycleveland.com
Financial Summary
Project Costs
Purchase Price | $41,000 | |
Purchase Costs | $0 | |
Rehab Costs | $20,000 | |
Rehab Contingency (5%) | $1,000 | |
Rehab Holding Costs | $615 | |
Total Project Costs | $62,615 | |
Financing | $0 | |
Cash out of Pocket | $62,615 | |
Rehab Project Length | 3 Month(s) |
Project Returns
Sales Price | $77,000 | |
Project Costs | ($62,615) | |
Sale Costs | $0 | |
Profit Amount | $14,385 | |
ROI | 22.97% | |
ROR | 91.90% | |
Unlevered ROI | 22.97% | |
Unlevered ROR | 91.90% |
Comps
| Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
| 678 Mckinley Ave | 0.03 miles | 2 | 2.0 | 1483 | $40,000 | $27 | 2019-01-09 |
| 670 Mckinley Ave | 0.04 miles | 3 | 1.0 | 1336 | $64,000 | $48 | 2019-04-16 |
| 696 High St | 0.065 miles | 3 | 1.0 | 1281 | $75,000 | $59 | 2018-10-19 |
| 311 Columbus St | 0.17 miles | 3 | 1.0 | 1310 | $65,000 | $50 | 2019-07-22 |
| 285 Columbus Street | 0.19 miles | 3 | 1.0 | 1215 | $33,250 | $27 | 2019-01-24 |
| 567 Darlington Dr | 0.2 miles | 3 | 1.0 | 1008 | $100,000 | $99 | 2019-04-15 |
| 302 Marion Drive | 0.21 miles | 3 | 1.0 | 1350 | $40,000 | $30 | 2019-04-25 |
| 749 Northfield Road | 0.24 miles | 3 | 1.0 | 1192 | $77,000 | $65 | 2019-06-28 |
| 756 Lincoln Boulevard | 0.3 miles | 3 | 1.0 | 1151 | $74,000 | $64 | 2019-04-18 |
| 768 Lincoln Boulevard | 0.31 miles | 3 | 1.0 | 1359 | $59,999 | $44 | 2019-03-25 |
| Average: | $62,825 | $51 | |||||
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $62,825 | |
Subject Sqft | 1,236 | |
Adjusted $/sqft | $51 |
Unadjusted Comps
Avg of Sales ARV | $62,825 | |
Subject Sqft | 1,236 | |
Avg of Sales $/sqft | $51 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $51 | |
Subject Sqft | 1,236 | |
Calculated Adj. ARV | $63,407 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $51 | |
Subject Sqft | 1,236 | |
Calculated ARV | $63,407 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | Comparable | Comparable | Comparable | Comparable | Comparable | Comparable | Comparable | |||||||||||
|  |  |  |  |  |  | Image Not Available |  | Image Not Available | Image Not Available | ||||||||||||
| Address | 685 Mc Kinley Ave, Bedford, OH 44146, USA | 678 Mc Kinley Ave, Bedford, OH 44146, USA | 670 Mc Kinley Ave, Bedford, OH 44146, USA | 696 High St, Bedford, OH 44146, USA | 311 Columbus St, Bedford, OH 44146, USA | 285 Columbus Street, Bedford, OH 44146, USA | 567 Darlington Dr, Bedford, OH 44146, USA | 302 Marion Drive, Bedford, OH 44146, USA | 749 Northfield Road, Bedford, OH 44146, USA | 756 Lincoln Boulevard, Bedford, OH 44146, USA | 768 Lincoln Boulevard, Bedford, OH 44146, USA | |||||||||||
| Sold Date | 1994-06-28 | 2019-01-09 | 2019-04-16 | 2018-10-19 | 2019-07-22 | 2019-01-24 | 2019-04-15 | 2019-04-25 | 2019-06-28 | 2019-04-18 | 2019-03-25 | |||||||||||
| Sold $ | $89,000 | $40,000 | $64,000 | $75,000 | $65,000 | $33,250 | $100,000 | $40,000 | $77,000 | $74,000 | $59,999 | |||||||||||
| Sqft | 1,236 | 1,483 | 1,336 | 1,281 | 1,310 | 1,215 | 1,008 | 1,350 | 1,192 | 1,151 | 1,359 | |||||||||||
| $/sqft | $72 | $27 | $48 | $59 | $50 | $27 | $99 | $30 | $65 | $64 | $44 | |||||||||||
| Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $0 | 3.00 | 2.00 | $0 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 |
Bathrooms | $0 | 1.00 | 2.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 |
Garage spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 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 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Lot size sqft | $0 | 7,500.00 | 10,001.00 | $0 | 10,001.00 | $0 | 10,001.00 | $0 | 6,089.00 | $0 | 7,448.00 | $0 | 5,000.00 | $0 | 6,560.00 | $0 | 7,980.00 | $0 | 5,201.00 | $0 | 5,201.00 | $0 |
Basement sqft | $0 | 792.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 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 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Has view | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
| Adjustment Subtotals | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||
| Adjusted $/sqft | $51 | $27 | $48 | $59 | $50 | $27 | $99 | $30 | $65 | $64 | $44 | |||||||||||
| Adjusted ARV $ | $62,825 | $40,000 | $64,000 | $75,000 | $65,000 | $33,250 | $100,000 | $40,000 | $77,000 | $74,000 | $59,999 | |||||||||||
| Notes | ||||||||||||||||||||||
Summary Rehab Estimate
| Category | ($) Amount | |
| Other | $20,000 | |
| Total Rehab Cost: | $20,000 |
Property Photos