Fix and Flip Project in STL 2 of 4
7222 Albright Ave, Jennings, MO 63136, USA
Bedrooms: 3, Bathrooms: 1.0, Sqft: 896, Lot Size: 5227, Year Built: 1929
Brought to you by:
Midwest Dev group
816-718-3340
info@midwestdevgroup.com
Notes
Cheap fix-n-flip in Northeast STL, part of a group of FIVE houses selling as a block for 40,000.
Financial Summary
Project Costs
Purchase Price | $7,500 | |
Purchase Costs | $0 | |
Rehab Costs | $0 | |
Rehab Contingency () | $0 | |
Rehab Holding Costs | $23 | |
Total Project Costs | $7,523 | |
Financing | $0 | |
Cash out of Pocket | $7,523 | |
Rehab Project Length | 1 Month(s) |
Project Returns
Sales Price | $100,949 | |
Project Costs | ($7,523) | |
Sale Costs | $0 | |
Profit Amount | $93,426 | |
ROI | 1241.90% | |
ROR | 14902.82% | |
Unlevered ROI | 1241.90% | |
Unlevered ROR | 14902.82% |
Comps
| Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
| 5611 Apricot Ave | 0.067 miles | 3 | 1.0 | 975 | $83,000 | $85 | 2024-09-30 |
| 7229 Emma Ave | 0.1 miles | 3 | 1.0 | 1056 | $195,000 | $185 | 2024-05-14 |
| 5541 Sapphire Ave | 0.11 miles | 3 | 1.0 | 888 | $60,000 | $68 | 2024-05-14 |
| Average: | $112,667 | $113 | |||||
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $112,667 | |
Subject Sqft | 896 | |
Adjusted $/sqft | $126 |
Unadjusted Comps
Avg of Sales ARV | $112,667 | |
Subject Sqft | 896 | |
Avg of Sales $/sqft | $126 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $113 | |
Subject Sqft | 896 | |
Calculated Adj. ARV | $100,949 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $113 | |
Subject Sqft | 896 | |
Calculated ARV | $100,949 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | ||||
|  |  |  | |||||
| Address | 7222 Albright Ave, Jennings, MO 63136, USA | 5611 Apricot Ave, Jennings, MO 63136, USA | 7229 Emma Ave, Jennings, MO 63136, USA | 5541 Sapphire Ave, Jennings, MO 63136, USA | ||||
| Sold Date | 2023-03-29 | 2024-09-30 | 2024-05-14 | 2024-05-14 | ||||
| Sold $ | $602 | $83,000 | $195,000 | $60,000 | ||||
| Sqft | 896 | 975 | 1,056 | 888 | ||||
| $/sqft | $1 | $85 | $185 | $68 | ||||
| Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $0 | 3.00 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 |
Bathrooms | $0 | 1.00 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 |
Garage spaces | $0 | 0.00 | 1.00 | $0 | 0.00 | $0 | 1.00 | $0 |
Carport spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Lot size sqft | $0 | 5,227.00 | 5,998.00 | $0 | 4,961.00 | $0 | 5,998.00 | $0 |
Basement sqft | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Has pool | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Has view | $0 | 1.00 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 |
| Adjustment Subtotals | $0 | $0 | $0 | |||||
| Adjusted $/sqft | $126 | $85 | $185 | $68 | ||||
| Adjusted ARV $ | $112,667 | $83,000 | $195,000 | $60,000 | ||||
| Notes | ||||||||
Property Photos