Fix and Flip Project
1700 Manor Ave, McKeesport, PA 15132, USA
Bedrooms: 3, Bathrooms: 1.5, Sqft: 1800, Lot Size: 3450, Year Built: 1900
Brought to you by:
D&A Property Solutions
844-450-4000
marcus@dapropertysolutions.com
Notes
Solid FIx and Flip Opportunity here!
Corner Lot
Property does need general rehabbing incl an electrical update and a new hot water heater.
Full Unfinished Basement
Rehab: 45k
ARV: 137k
Join our Buyer's List: https://www.dapsbuyshouses.com/i-want-one
Terms: Contract for sale, CASH or Hard Money, Sold Strictly As-Is
$3000 non-refundable deposit wired to title company of record, deposit will be refunded if seller can not perform, no option period will be granted, if buyer fails to close, deposit shall be forfeited to seller as damages.
D&A Property Solutions does not claim to be the owner of the properties for sale, but we have equitable interest in properties. All properties subject to errors, omissions, deletions, additions, and cancellation, in addition, ALL properties are sold as-is, where is, with absolutely no representations written or oral. Buyer is to do their own independent due diligence.
Financial Summary
Project Costs
Purchase Price | $54,500 | |
Purchase Costs | $3,270 | |
Rehab Costs | $44,545 | |
Rehab Contingency () | $0 | |
Rehab Holding Costs | $576 | |
Total Project Costs | $102,891 | |
Financing | $0 | |
Cash out of Pocket | $102,891 | |
Rehab Project Length | 4 Month(s) |
Project Returns
Sales Price | $137,000 | |
Project Costs | ($102,891) | |
Sale Costs | ($4,110) | |
Profit Amount | $29,999 | |
ROI | 29.16% | |
ROR | 87.47% | |
Unlevered ROI | 29.16% | |
Unlevered ROR | 87.47% |
CMA Summary
By Average of Sales
Adjusted Comps
Avg of Adjusted Sales ARV | $128,667 | |
Subject Sqft | 1,800 | |
Adjusted $/sqft | $71 |
Unadjusted Comps
Avg of Sales ARV | $128,667 | |
Subject Sqft | 1,800 | |
Avg of Sales $/sqft | $71 |
By Average of $/Sqft
Adjusted Comps
Avg of Adjusted $/sqft | $81 | |
Subject Sqft | 1,800 | |
Calculated Adj. ARV | $145,800 |
Unadjusted Comps
Avg of Unadjusted $/sqft | $81 | |
Subject Sqft | 1,800 | |
Calculated ARV | $145,800 |
CMA Detail
| Basics | Subject | Comparable | Comparable | Comparable | ||||
| Image Not Available |  |  | |||||
| Address | 1700 Manor Ave, McKeesport, PA 15132, USA | 1250 Ravine St, McKeesport, PA 15132, USA | 1231 Ravine St, McKeesport, PA 15132, USA | 1919 Jenny Lind St, McKeesport, PA 15132, USA | ||||
| Sold Date | - | 2023-06-02 | 2023-05-10 | 2023-07-31 | ||||
| Sold $ | $136,000 | $105,000 | $145,000 | |||||
| Sqft | 1,800 | 1,350 | 1,440 | 2,091 | ||||
| $/sqft | $0 | $101 | $73 | $69 | ||||
| Features | Feature Values | Units | Units | Adjustment | Units | Adjustment | Units | Adjustment |
Bedrooms | $0 | 3.00 | 3.00 | $0 | 4.00 | $0 | 3.00 | $0 |
Bathrooms | $0 | 1.50 | 1.00 | $0 | 1.00 | $0 | 1.00 | $0 |
Garage spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Carport spaces | $0 | 0.00 | 0.00 | $0 | 0.00 | $0 | 0.00 | $0 |
Lot size sqft | $0 | 3,450.00 | 47,175.00 | $0 | 3,540.00 | $0 | 3,100.00 | $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 | $71 | $101 | $73 | $69 | ||||
| Adjusted ARV $ | $128,667 | $136,000 | $105,000 | $145,000 | ||||
| Notes | ||||||||
Purchase Costs
| Name | Type | Cost | |
| Closing | 6.00 % of Purchase | $3,270 | |
| Total Purchase Costs: | $3,270 | ||
Sale Costs
| Name | Type | Cost | |
| Commission | 3.00 % of Sale | $4,110 | |
| Total Sale Costs: | $4,110 | ||
OpEx: Utilities & Periodic Costs
| Name | Setup ($) | Amount ($/period) | Cost |
| Property Taxes | $0 | $407/ Year | $136 |
| Water | $100 | $20/Month | $180 |
| Electric | $100 | $40/Month | $260 |
| Total OpEx Costs: | $576 | ||
Property Photos
