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
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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

AddressDistBedsBathsSqftSold ($)$/sqftSale date
3116 Unruh Ave0.53 miles31.01320$241,000$1832021-03-29
2907 Glenview St0.64 miles31.01205$242,000$2012021-04-27
3217 Princeton Ave0.98 miles31.01104$233,000$2112021-05-17
1527 Robbins Ave0.71 miles31.01296$231,000$1782021-05-18
2241 Longshore Ave0.73 miles31.01222$230,000$1882021-04-29
3116 Knorr St0.62 miles31.01216$255,000$2102021-04-27
2810 Gilham St0.3 miles31.01132$232,000$2052021-07-01
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

BasicsSubjectComparable Comparable Comparable Comparable Comparable Comparable Comparable
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Address6239 Mershon St, Philadelphia, PA 19149, USA3116 Unruh Ave, Philadelphia, PA 19149, USA2907 Glenview St, Philadelphia, PA 19149, USA3217 Princeton Ave, Philadelphia, PA 19149, USA1527 Robbins St, Philadelphia, PA 19149, USA2241 Longshore Ave, Philadelphia, PA 19149, USA3116 Knorr St, Philadelphia, PA 19149, USA2810 Gilham St, Philadelphia, PA 19149, USA
Sold Date2010-05-212021-03-292021-04-272021-05-172021-05-182021-04-292021-04-272021-07-01
Sold $$100,000$241,000$242,000$233,000$231,000$230,000$255,000$232,000
Sqft1,2001,3201,2051,1041,2961,2221,2161,132
$/sqft$83$183$201$211$178$188$210$205
Features
Feature Values
UnitsUnitsAdjustmentUnitsAdjustmentUnitsAdjustmentUnitsAdjustmentUnitsAdjustmentUnitsAdjustmentUnitsAdjustment
Bedrooms
$03.003.00$03.00$03.00$03.00$03.00$03.00$03.00$0
Bathrooms
$01.001.00$01.00$01.00$01.00$01.00$01.00$01.00$0
Garage spaces
$00.000.00$00.00$00.00$00.00$00.00$00.00$00.00$0
Carport spaces
$00.000.00$00.00$00.00$00.00$00.00$00.00$00.00$0
Lot size sqft
$0863.001,760.00$01,962.00$01,706.00$01,795.00$01,773.00$01,755.00$01,620.00$0
Basement sqft
$00.000.00$00.00$00.00$00.00$00.00$00.00$00.00$0
Has pool
$00.000.00$00.00$00.00$00.00$00.00$00.00$00.00$0
Has view
$01.001.00$01.00$01.00$01.00$01.00$01.00$01.00$0
Adjustment Subtotals$0$0$0$0$0$0$0
Adjusted $/sqft$198$183$201$211$178$188$210$205
Adjusted ARV $$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