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RECFH Deal Information
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PROPERTY DETAILSPROJECT DETAILS
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Property Address: 1423 Anvil Drive Date: Thursday, October 17, 2019
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Bed: 4Occupied: N
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Bath: 2 1/2Evaluator: Tiki Williams
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Total Sqft: 3,024Closing Date: November 30, 2019
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Number of Units: 1Exit Strategy: Traditional Sale
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PROPERTY DESCRIPTION
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This is a 3 bed house located in a great area of the Houston market. Perfect for the first time home buyer. Needs some minor renovations with a majority of the work in the small kitchen.
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DEAL FACTORSFINANCING COSTSBUYING COSTS
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After Repair Value: $220,000First Mortgage / Lien Amount90%Title Insurance / Search Costs0.25%
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"As Is" Value: $110,000First Mortgage Points3Miscellaneous Buying Costs$2,000.00
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Purchase Price (75% of ARV): $111,000First Mortgage Interest10.00%Escrow / Attorney Fees $500.00
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Estimated Repair Costs: $63,000
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Hold Time (months): 6Second Mortgage / Lien Amount0%SELLING COSTS
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Property Taxes (annually): $2,520Second Mortgage Points0Realtor Fees4.5%
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Insurance (annually): $900Second Mortgage Interest0.00%Transfer & Conveyance Fees0.12%
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HOA & Condo Fees (monthly): $30Miscellaneous Selling Costs$0.00
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Gas (monthly): $100Misc. Mortgage / Lien Amount0%Staging Costs$0.00
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Water (monthly): $25Misc. Mortgage Points0Escrow / Attorney Fees $500.00
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Electricity (monthly): $75Misc. Mortgage Interest0.00%Selling Recording Fees$350.00
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Other Utilities (monthly): $0Miscellaneous Financing CostsHome Warranty$500.00
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Miscellaneous Holding Costs: $0Marketing Costs$500.00
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How to use the Deal Analyzer
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To use the Deal Analyzer, enter all your numbers into this "Deal Information" tab. Formulas will auto-popluate and automatically calculate your results on the "Deal Analyzer for Flips" tab. White cells are editable cells. Light Gray cells are locked formulas. Dark Gray are labels.
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