St. Louis, MO


$ 135,000 - Fix & Flip

3.0 bd | 1.0 ba | 1,136 sqft | 1956 yr | $ 1,200 Rent

ARV
$135,000
Net Profit
$26,580
All-in Cost to ARV
75.78 %
Net ROI
25.98 %

Description

We just put this property under contract and will be doing an $18,000 to $20,000 renovation. Shortly we will post the rehab scope so you can see what is going to be done. I will say that we will be putting up paneling to provide a second living area and another bonus room. Renovations should be similar to those in our previously sold section of the website, so do go look at those! This neighborhood has good pride of ownership.


Fix & Flip Analysis

  • ARV: $135,000
  • Net Profit: $26,580
  • All-in Cost to ARV: 75.78 %

Financial Analysis

  • Loan Amnt: $ 57,750.00
  • All-in Cost: $ 102,298.43
  • Debt Coverage Ratio: 2.27 %
  • Total Out of Pocket: $ 44,548.43
  • Monthly Mortgage: $ 385.00

Expense Assumptions

  • Prop Insurance: $ 680.00
  • Annual Vacancy: $ 720
  • Prop Mgmt Fee: $ 1,094.40
  • Maintenance Cost: 684.00
  • Capex: $ 0

Financing Assumptions

  • Cash Purchase: No
  • Loan Term: 360 months
  • Down Payment: 25.00 %
  • Points: 1.00
  • Interest Rate: 8.00 %
  • Interest only loan: Yes

Other Assumptions

  • Closing Cost: $ 770
  • Rental Holding Period: 4.00


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