Fix and Flip Project
1963 E 82nd St, Cleveland, OH 44103, USA
Bedrooms: 3, Bathrooms: 3.0, Sqft: 1970, Lot Size: 3870, Year Built: 1997
Brought to you by:
TURBO REALTY LLC,
(216) 279-5242
deangelo@turborealtycleveland.com
Financial Summary
Project Costs
Purchase Price | $237,000 | |
Purchase Costs | $0 | |
Rehab Costs | $30,668 | |
Rehab Contingency () | $0 | |
Rehab Holding Costs | $1,648 | |
Total Project Costs | $269,316 | |
Financing | $0 | |
Cash out of Pocket | $269,316 | |
Rehab Project Length | 3 Month(s) |
Project Returns
Sales Price | $199,000 | |
Project Costs | ($269,316) | |
Sale Costs | $0 | |
Profit Amount | ($70,316) | |
ROI | -26.11% | |
ROR | -104.44% | |
Unlevered ROI | -26.11% | |
Unlevered ROR | -104.44% |
Comps
| Address | Dist | Beds | Baths | Sqft | Sold ($) | $/sqft | Sale date |
| 8110 Chester Pkwy | 0.072 miles | 3 | 3.0 | 2176 | $198,000 | $91 | 2020-11-10 |
| 8429 Euclid Ave | 0.15 miles | 3 | 3.0 | 1984 | $250,000 | $126 | 2020-04-28 |
| 1949 E 85th St | 0.16 miles | 3 | 3.0 | 1680 | $242,500 | $144 | 2020-11-06 |
| Average: | $230,167 | $120 | |||||
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $230,167 | |
Subject Sqft | 1,970 | |
Adjusted $/sqft | $117 |
Unadjusted Comps
Avg of Sales ARV | $230,167 | |
Subject Sqft | 1,970 | |
Avg of Sales $/sqft | $117 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $120 | |
Subject Sqft | 1,970 | |
Calculated Adj. ARV | $237,057 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $120 | |
Subject Sqft | 1,970 | |
Calculated ARV | $237,057 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | ||||
|  |  |  | |||||
| Address | 1963 E 82nd St, Cleveland, OH 44103, USA | 8110 Chester Pkwy, Cleveland, OH 44103, USA | 8429 Euclid Ave, Cleveland, OH 44106, USA | 1949 E 85th St, Cleveland, OH 44106, USA | ||||
| Sold Date | 2005-06-30 | 2020-11-10 | 2020-04-28 | 2020-11-06 | ||||
| Sold $ | $225,000 | $198,000 | $250,000 | $242,500 | ||||
| Sqft | 1,970 | 2,176 | 1,984 | 1,680 | ||||
| $/sqft | $114 | $91 | $126 | $144 | ||||
| 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 | 3.00 | 3.00 | $0 | 3.00 | $0 | 3.00 | $0 |
Garage spaces | $0 | 2.00 | 2.00 | $0 | 2.00 | $0 | 2.00 | $0 |
Carport spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Lot size sqft | $0 | 3,870.00 | 2,962.00 | $0 | 2,605.00 | $0 | 1,899.00 | $0 |
Basement sqft | $0 | 1,039.00 | 0.00 | $0 | 1,132.00 | $0 | 416.00 | $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 | $117 | $91 | $126 | $144 | ||||
| Adjusted ARV $ | $230,167 | $198,000 | $250,000 | $242,500 | ||||
| Notes | ||||||||
Summary Rehab Estimate
| Category | ($) Amount | |
| Windows | $4 | |
| Windows | $800 | |
| Roofing and Flashing | $0 | |
| Siding and Trim | $3 | |
| Siding and Trim | $300 | |
| Painting and Finishing | $1,500 | |
| Doors | $2 | |
| Doors | $2,500 | |
| Plumbing and HVAC | $1,500 | |
| Plumbing and HVAC | $1 | |
| Electrical | $600 | |
| Walls and Ceilings | $6,500 | |
| Bathrooms | $2,500 | |
| Kitchens | $3,500 | |
| Floors and Tile | $6 | |
| Floors and Tile | $68 | |
| Floors and Tile | $6,895 | |
| Floors and Tile | $689 | |
| Demo and clean up | $1,600 | |
| ba | ||
| Basement | $1,700 | |
| Total Rehab Cost: | $30,668 |
Detailed Rehab Estimate
| Item | Qty | Cost | |
| Total Cost: | $0.00 | ||
Property Photos