2931 Fort Lauderdale 2931 SW 14th St Fort Lauderdale, FL 33312 This 1,490 square foot house sits on a 0.25 acre lot with 4 bedrooms and 2 full bathrooms, and great backyard, 6 parking spaces on the driveway. This property was built in 1957. The After Repair Value (ARV), based on Comparable Sales of the last 6 months in the Area is $350,000. Exclusively Presented By: Daniel Castillo / Carla Croes Kappa Homes, LLC 10893 NW 17 Street Miami 786-241-2779 / 786-325-0515 daniel@kappa-homes.com www.kappa-homes.com Powered by www.rehabvaluator.com
EXECUTIVE SUMMARY Presented By: Daniel Castillo / Carla Croes Kappa Homes, LLC 10893 NW 17 Street Miami, FL 33172 786-241-2779 / 786-325-0515 daniel@kappa-homes.com www.kappa-homes.com This 1,490 square foot house sits on a 0.25 acre lot with 4 bedrooms and 2 full bathrooms, and great backyard, 6 parking spaces on the driveway. This property was built in 1957. The After Repair Value (ARV), based on Comparable Sales of the last 6 months in the Area is $350,000. The perfect investment opportunity for Fix and Flip and make quick CA$H. However, if you want to Fix and Hold, this property will return 9-10% Cap Rate. Property Address: 2931 SW 14th St Property City, State, Zip: Fort Lauderdale, FL 33312 Bedrooms Baths: Square Feet: Year Built: 4 2 1490 1957 Powered by www.rehabvaluator.com
PROJECT SUMMARY 2931 Fort Lauderdale (Flip Investor) PROJECT SUMMARY - FLIP PURCHASE/REHAB ASSUMPTIONS Purchase Price 263,000.00 Rehab Cost 35,000.00 Total Closing (not inc. Sale) and Holding Costs 4,767.50 Total Financing Costs - Total Project Cost 302,767.50 Total Amount Financed - Total Cash Committed 302,767.50 RESULTS Projected Resale Price 350,000.00 Projected Cost of Sale 22,750.00 Flip Profit 24,482.50 ROI 8.09% Annualized ROI 24.26% Breakdown of Financing Costs: Origination/Discount Points - Other Closing Costs for Loan - Interest on Original Loan - Interest on Rehab Money - Total Cost of Financing - Powered by www.rehabvaluator.com
MARKETING SHEET (FLIP EXIT) 2931 Fort Lauderdale 2931 SW 14th St Property Address: Presented by: Fort Lauderdale, FL 33312 Daniel Castillo / Carla Croes Property City, State, ZIP: Bedrooms: 4 Baths: 2 SqFt: 1490 Built: 1957 Kappa Homes, LLC Dream Home and Investment 786-241-2779 / 786-325-0515 Notes: Opportunity daniel@kappa-homes.com www.kappa-homes.com The perfect investment opportunity for Fix and Flip and make quick CA$H. However, if you want Project Description: to Fix and Hold, this property will return 9-10% Cap Rate. This 1,490 square foot house sits on a 0.25 acre lot with 4 bedrooms and 2 full bathrooms, and Additional Notes: great backyard, 6 parking spaces on the driveway. This property was built in 1957. The After Repair Value (ARV), based on Comparable Sales of the last 6 months in the Area is $350,000. PURCHASE/REHAB ASSUMPTIONS PROJECTED RESULTS % of ARV Projected Resale Price 350,000.00 After-Repair Value (ARV) 350,000.00 Projected Cost of Sale 22,750.00 Purchase Price (Offer Price) 263,000.00 75.14% Flip Profit 24,482.50 Rehab Costs 35,000.00 10.00% ROI 8.09% Total Closing and Holding Costs 4,767.50 1.36% Annualized ROI 24.26% Total Financing Costs 0.00 0.00% Total Project Cost Basis 302,767.50 86.51% Timeline Assumptions Time to Complete Rehab Total Amount Financed 0.00 2 Months Total Cash Committed 302,767.50 Time to Complete Sale 2 Months Total Time 4 Months Powered by www.rehabvaluator.com
CASH FLOW SUMMARY (FLIP EXIT) 2931 Fort Lauderdale Daniel Castillo / Carla Croes 2931 SW 14th St Kappa Homes, LLC Fort Lauderdale, FL 33312 786-241-2779 / 786-325-0515 Month 0 1 2 3 4 5 6 7 8 Purchase (263,000) Purchase Closing Costs (3,288) Orig/Disc Points and Loan Closing Costs Holding Costs (370) (370) (370) (370) Rehab Draws/Expenses (35,000) Interest (Paid or Accrued) Total Cash Spent in Period (301,288) (370) (370) (370) (370) Cumulative Cost Basis (301,288) (301,658) (302,028) (302,398) (302,768) Sale Price 350,000 Selling Costs (22,750) Flip Profit to Investor (Pre-Tax) 24,483 Total Cash Committed 302,768 Return on Cash Investment (annualized) 24.26% Powered by www.rehabvaluator.com
COMPARABLE SALES REPORT 2931 Fort Lauderdale 2931 SW 14th St Property Address: Presented by: Fort Lauderdale, FL 33312 Daniel Castillo / Carla Croes Property City, State, ZIP: Bedrooms: 4 Baths: 2 SqFt: 1490 Built: 1957 Kappa Homes, LLC 786-241-2779 / 786-325-0515 Notes: daniel@kappa-homes.com www.kappa-homes.com Property Address: Beds Baths Sq.Ft. Date Sold Sales Price $/Sq. Dist Notes 3120 SW 14th St Fort 1. 3 2 1,692 07/03/2019 349,900 207 0.18 Lauderdale FL 1633 SW 30th Ave Fort 2. 3 2 1,652 09/13/2019 358,000 217 0.20 Lauderdale FL 2864 SW 16th St Fort 3. 3 2 1,260 09/23/2019 310,000 246 0.24 Lauderdale FL 1665 SW 28th Ter Fort 4. 4 3 1,649 01/25/2019 380,000 230 0.30 Lauderdale FL 349,475 225 Average 3120 SW 14th St Fort Lauderdale FL 1633 SW 30th Ave Fort Lauderdale FL 2864 SW 16th St Fort Lauderdale FL 1665 SW 28th Ter Fort Lauderdale FL Powered by www.rehabvaluator.com
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