Fix and Flip Project

7528 S Aberdeen St, Chicago, IL 60620, USA

Bedrooms: 5, Bathrooms: 2.0, Sqft: 1808, Lot Size: 3500, Year Built: 1922
Streetview

Financial Summary

Project Costs

Purchase Price
$30,000
Purchase Costs
$3,138
Rehab Costs
$50,000
Rehab Contingency (15%)
$7,500
Rehab Holding Costs
$7,625
Total Project Costs
$98,263
Financing
($87,324)
Cash out of Pocket
$10,939
Rehab Project Length
3 Month(s)

Project Returns

Sales Price
$200,688
Project Costs
($98,263)
Sale Costs
($39,171)
Profit Amount
$63,254
JV Partner Share (50.00%)
$31,627
Remaining Share
$31,627
ROI
578.24%
ROR
2312.95%
Unlevered ROI
64.37%
Unlevered ROR
257.49%

Comps

AddressDistBedsBathsSqftSold ($)$/sqftSale date
7505 South May Street0.057 miles32.02112$140,000$662019-03-12
7753 S May St0.29 miles32.01806$200,000$1112019-01-28
7817 South Aberdeen Street0.34 miles62.01956$305,000$1562019-07-08
Average:$215,000$111 

CMA Summary

By Average of Sales

Adjusted Comps

Avg of Adjusted Sales ARV
$215,000
Subject Sqft
1,808
Adjusted $/sqft
$119

Unadjusted Comps

Avg of Sales ARV
$215,000
Subject Sqft
1,808
Avg of Sales $/sqft
$119

By Average of $/Sqft

Adjusted Comps

Avg of Adjusted $/sqft
$111
Subject Sqft
1,808
Calculated Adj. ARV
$200,688

Unadjusted Comps

Avg of Unadjusted $/sqft
$111
Subject Sqft
1,808
Calculated ARV
$200,688

CMA Detail

BasicsSubjectComparable Comparable Comparable
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Address7528 S Aberdeen St, Chicago, IL 60620, USA7505 South May Street, Chicago, IL 60620, USA7753 S May St, Chicago, IL 60620, USA7817 South Aberdeen Street, Chicago, IL 60620, USA
Sold Date2010-11-082019-03-122019-01-282019-07-08
Sold $$140,000$200,000$305,000
Sqft1,8082,1121,8061,956
$/sqft$0$66$111$156
Features
Feature Values
UnitsUnitsAdjustmentUnitsAdjustmentUnitsAdjustment
Bedrooms
$05.003.00$03.00$06.00$0
Bathrooms
$02.002.00$02.00$02.00$0
Garage spaces
$00.000.00$00.00$00.00$0
Carport spaces
$00.000.00$00.00$00.00$0
Lot size sqft
$03,500.003,624.00$03,720.00$03,484.00$0
Basement sqft
$00.000.00$00.00$00.00$0
Has pool
$00.000.00$00.00$00.00$0
Has view
$00.000.00$00.00$00.00$0
Adjustment Subtotals$0$0$0
Adjusted $/sqft$119$66$111$156
Adjusted ARV $$215,000$140,000$200,000$305,000
Notes