Fix and Flip Project
145 Burton Hills Cir, Gastonia, NC 28054, USA
Bedrooms: 0, Bathrooms: 0.0, Lot Size: 12632, Year Built: 1964
Brought to you by:
MITCH COLES REAL ESTATE, INC.
(833) 215-0005
accounting@mitchcolesrealestate.com
Financial Summary
Project Costs
Purchase Price | $75,000 | |
Purchase Costs | $2,500 | |
Rehab Costs | $170,000 | |
Rehab Contingency () | $0 | |
Rehab Holding Costs | $260 | |
Total Project Costs | $247,760 | |
Financing | $0 | |
Cash out of Pocket | $247,760 | |
Rehab Project Length | 3 Month(s) |
Project Returns
Sales Price | $320,000 | |
Project Costs | ($247,760) | |
Sale Costs | ($6,400) | |
Profit Amount | $65,840 | |
ROI | 26.57% | |
ROR | 106.30% | |
Unlevered ROI | 26.57% | |
Unlevered ROR | 106.30% |
Comps
| Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
| 125 Burton Hills Cir | 0.13 miles | 3 | 2.0 | 1320 | $275,500 | $209 | 2023-08-25 |
| 2414 Wilmont Dr | 0.41 miles | 2 | 2.0 | 1236 | $280,000 | $227 | 2023-05-12 |
| 1401 Poston Cir | 1.4 miles | 3 | 2.0 | 1264 | $280,000 | $222 | 2024-02-26 |
| 1003 Warren St | 1.9 miles | 2 | 1.0 | 780 | $370,000 | $474 | 2024-01-31 |
| 510 Hawthorne Ln | 19 miles | 5 | 2.0 | 2976 | $358,000 | $120 | 2024-03-08 |
| 932 Nottingham Dr | 2.7 miles | 3 | 2.0 | 1924 | $305,000 | $159 | 2024-03-28 |
| Average: | $311,417 | $235 | |||||
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $311,417 | |
Subject Sqft | ||
Adjusted $/sqft | $0 |
Unadjusted Comps
Avg of Sales ARV | $311,417 | |
Subject Sqft | ||
Avg of Sales $/sqft | $0 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $235 | |
Subject Sqft | ||
Calculated Adj. ARV | $0 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $235 | |
Subject Sqft | ||
Calculated ARV | $0 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | Comparable | Comparable | Comparable | |||||||
|  |  | Image Not Available | Image Not Available | Image Not Available | Image Not Available | ||||||||
| Address | 145 Burton Hills Cir, Gastonia, NC 28054, USA | 125 Burton Hills Cir, Gastonia, NC 28054, USA | 2414 Wilmont Dr, Gastonia, NC 28054, USA | 1401 Poston Cir, Gastonia, NC 28054, USA | 1003 Warren St, Gastonia, NC 28054, USA | 510 Hawthorne Ln, Charlotte, NC 28204, USA | 932 Nottingham Dr, Gastonia, NC 28054, USA | |||||||
| Sold Date | - | 2023-08-25 | 2023-05-12 | 2024-02-26 | 2024-01-31 | 2024-03-08 | 2024-03-28 | |||||||
| Sold $ | $275,500 | $280,000 | $280,000 | $370,000 | $358,000 | $305,000 | ||||||||
| Sqft | 1,320 | 1,236 | 1,264 | 780 | 2,976 | 1,924 | ||||||||
| $/sqft | $0 | $209 | $227 | $222 | $474 | $120 | $159 | |||||||
| Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $0 | 0.00 | 3.00 | $0 | 2.00 | $0 | 3.00 | $0 | 2.00 | $0 | 5.00 | $0 | 3.00 | $0 |
Bathrooms | $0 | 0.00 | 2.00 | $0 | 2.00 | $0 | 2.00 | $0 | 1.00 | $0 | 2.00 | $0 | 2.00 | $0 |
Garage spaces | $0 | 2.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Carport spaces | $0 | 2.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Lot size sqft | $0 | 12,632.00 | 21,344.00 | $0 | 13,939.00 | $0 | 10,019.00 | $0 | 6,098.00 | $0 | 11,633.00 | $0 | 14,810.00 | $0 |
Basement sqft | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Has pool | $0 | 0.00 | 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 |
| Adjustment Subtotals | $0 | $0 | $0 | $0 | $0 | $0 | ||||||||
| Adjusted $/sqft | $0 | $209 | $227 | $222 | $474 | $120 | $159 | |||||||
| Adjusted ARV $ | $311,417 | $275,500 | $280,000 | $280,000 | $370,000 | $358,000 | $305,000 | |||||||
| Notes | ||||||||||||||
Summary Rehab Estimate
| Category | ($) Amount | |
| New Build | $170,000 | |
| Total Rehab Cost: | $170,000 |
Property Photos