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5 | Address: | |||||||||
6 | Goal: | 120-180 Contract - Contract Goal - 15% ROI | Notes: | |||||||
7 | Orange boxes to be filled in ONLY | |||||||||
8 | Purchase Price | $150,000 | (Includes closing costs) | |||||||
9 | Closing Costs | $2,250 | ||||||||
10 | Cap X | $45,000 | (All capital improvement costs) | |||||||
11 | Holding Costs | $3,000 | (Taxes, insurance, utilities, hoa, etc) | |||||||
12 | All In: | $200,250.00 | ||||||||
13 | Property Details | |||||||||
14 | Roof Age | 2006 | ||||||||
15 | A/C Age | 2018 | ||||||||
16 | Conservatively | Agressive | Septic | N | ||||||
17 | ARV Sale Price: | $245,000 | $265,000 | Well | N | |||||
18 | Closing Costs (6% total) | $14,700 | $15,900 | Sinkhole | N | |||||
19 | Net: | $230,300 | $249,100 | HOA | N | |||||
20 | Total Profit | $30,050.00 | 15.01% | $48,850 | 24.39% | |||||
21 | Loan Fees | $17,325 | Project ROI | $17,325 | Project ROI | |||||
22 | Net Profit | $12,725.00 | $31,525 | |||||||
23 | Cash Out Of Pocket | $42,750.00 | 29.77% | $42,750 | 73.74% | |||||
24 | Cash On Cash ROI | Cash On Cash ROI | ||||||||
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27 | Loan Outline: | |||||||||
28 | Purchase Financing (70%) | $105,000 | ||||||||
29 | Construction Financing (50%) | $52,500 | ||||||||
30 | Total Loan Amount: | $157,500 | ||||||||
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32 | Interest Rate: | 12% | ||||||||
33 | Monthly Payment: 1% per month | $1,575 | ||||||||
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35 | 6 Months Interest Payments Total | $9,450 | ||||||||
36 | Up Front-Loan Closing Fees | $7,875 | ||||||||
37 | Total Loan Cost: | $17,325 | ||||||||
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