Fix and Flip Project
6239 Mershon St, Philadelphia, PA 19149, USA
Bedrooms: 3, Bathrooms: 1.0, Sqft: 1200, Lot Size: 863, Year Built: 1950
Brought to you by:
Black Door Holdings LLC
(267) 458-9067, Text (267) 361-1319
blackdoorhomesolutions@gmail.com
Financial Summary
Project Costs
Purchase Price | $165,000 | |
Purchase Costs | $0 | |
Rehab Costs | $75,000 | |
Rehab Contingency () | $0 | |
Rehab Holding Costs | $419 | |
Total Project Costs | $240,420 | |
Financing | $0 | |
Cash out of Pocket | $240,420 | |
Rehab Project Length | 3 Month(s) |
Project Returns
Sales Price | $270,000 | |
Project Costs | ($240,420) | |
Sale Costs | $0 | |
Profit Amount | $29,581 | |
ROI | 12.30% | |
ROR | 49.21% | |
Unlevered ROI | 12.30% | |
Unlevered ROR | 49.21% |
Comps
| Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
| 3116 Unruh Ave | 0.53 miles | 3 | 1.0 | 1320 | $241,000 | $183 | 2021-03-29 |
| 2907 Glenview St | 0.64 miles | 3 | 1.0 | 1205 | $242,000 | $201 | 2021-04-27 |
| 3217 Princeton Ave | 0.98 miles | 3 | 1.0 | 1104 | $233,000 | $211 | 2021-05-17 |
| 1527 Robbins Ave | 0.71 miles | 3 | 1.0 | 1296 | $231,000 | $178 | 2021-05-18 |
| 2241 Longshore Ave | 0.73 miles | 3 | 1.0 | 1222 | $230,000 | $188 | 2021-04-29 |
| 3116 Knorr St | 0.62 miles | 3 | 1.0 | 1216 | $255,000 | $210 | 2021-04-27 |
| 2810 Gilham St | 0.3 miles | 3 | 1.0 | 1132 | $232,000 | $205 | 2021-07-01 |
| Average: | $237,714 | $197 | |||||
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $237,714 | |
Subject Sqft | 1,200 | |
Adjusted $/sqft | $198 |
Unadjusted Comps
Avg of Sales ARV | $237,714 | |
Subject Sqft | 1,200 | |
Avg of Sales $/sqft | $198 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $197 | |
Subject Sqft | 1,200 | |
Calculated Adj. ARV | $235,886 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $197 | |
Subject Sqft | 1,200 | |
Calculated ARV | $235,886 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | Comparable | Comparable | Comparable | Comparable | ||||||||
| Image Not Available | Image Not Available | Image Not Available | Image Not Available | Image Not Available | Image Not Available | Image Not Available | |||||||||
| Address | 6239 Mershon St, Philadelphia, PA 19149, USA | 3116 Unruh Ave, Philadelphia, PA 19149, USA | 2907 Glenview St, Philadelphia, PA 19149, USA | 3217 Princeton Ave, Philadelphia, PA 19149, USA | 1527 Robbins St, Philadelphia, PA 19149, USA | 2241 Longshore Ave, Philadelphia, PA 19149, USA | 3116 Knorr St, Philadelphia, PA 19149, USA | 2810 Gilham St, Philadelphia, PA 19149, USA | ||||||||
| Sold Date | 2010-05-21 | 2021-03-29 | 2021-04-27 | 2021-05-17 | 2021-05-18 | 2021-04-29 | 2021-04-27 | 2021-07-01 | ||||||||
| Sold $ | $100,000 | $241,000 | $242,000 | $233,000 | $231,000 | $230,000 | $255,000 | $232,000 | ||||||||
| Sqft | 1,200 | 1,320 | 1,205 | 1,104 | 1,296 | 1,222 | 1,216 | 1,132 | ||||||||
| $/sqft | $83 | $183 | $201 | $211 | $178 | $188 | $210 | $205 | ||||||||
| Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $0 | 3.00 | 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 | 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 |
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 |
Lot size sqft | $0 | 863.00 | 1,760.00 | $0 | 1,962.00 | $0 | 1,706.00 | $0 | 1,795.00 | $0 | 1,773.00 | $0 | 1,755.00 | $0 | 1,620.00 | $0 |
Basement sqft | $0 | 0.00 | 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 |
Has view | $0 | 1.00 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 |
| Adjustment Subtotals | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||
| Adjusted $/sqft | $198 | $183 | $201 | $211 | $178 | $188 | $210 | $205 | ||||||||
| Adjusted ARV $ | $237,714 | $241,000 | $242,000 | $233,000 | $231,000 | $230,000 | $255,000 | $232,000 | ||||||||
| Notes | ||||||||||||||||
Summary Rehab Estimate
| Category | ($) Amount | |
| Other | $75,000 | |
| Total Rehab Cost: | $75,000 |
Property Photos
