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2931 Fort Lauderdale 2931 SW 14th St Fort Lauderdale, FL 33312 - - PDF document
2931 Fort Lauderdale 2931 SW 14th St Fort Lauderdale, FL 33312 - - PDF document
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
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PROJECT SUMMARY
263,000.00 35,000.00 4,767.50
- 302,767.50
- Purchase Price
Total Closing (not inc. Sale) and Holding Costs Total Project Cost Total Amount Financed Flip Profit 350,000.00 ROI 8.09% Projected Cost of Sale 24,482.50 22,750.00 Projected Resale Price RESULTS 24.26% Annualized ROI 302,767.50 Total Cash Committed Total Financing Costs Rehab Cost PURCHASE/REHAB ASSUMPTIONS
2931 Fort Lauderdale (Flip Investor)
Breakdown of Financing Costs: Origination/Discount Points Other Closing Costs for Loan Interest on Original Loan Total Cost of Financing
- Interest on Rehab Money
PROJECT SUMMARY - FLIP
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MARKETING SHEET (FLIP EXIT)
2931 SW 14th St Fort Lauderdale, FL 33312 Bedrooms: 4 Baths: 2 SqFt: 1490 Built: 1957 Dream Home and Investment Opportunity Presented by: Daniel Castillo / Carla Croes Kappa Homes, LLC 786-241-2779 / 786-325-0515 daniel@kappa-homes.com www.kappa-homes.com Property Address: Property City, State, ZIP: Notes:
2931 Fort Lauderdale
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. Project Description: Additional Notes: PROJECTED RESULTS
Purchase Price (Offer Price)
After-Repair Value (ARV) Total Financing Costs Total Closing and Holding Costs Total Project Cost Basis Total Amount Financed Total Cash Committed 350,000.00 Projected Resale Price % of ARV Timeline Assumptions Projected Cost of Sale ROI 350,000.00 Time to Complete Sale Total Time 4,767.50 0.00 302,767.50 0.00 302,767.50 35,000.00
263,000.00 75.14%
10.00% 1.36% 0.00%
24,482.50
8.09% 2 Months 2 Months 4 Months 22,750.00 86.51%
Flip Profit
Annualized ROI 24.26% Rehab Costs
Time to Complete Rehab
PURCHASE/REHAB ASSUMPTIONS 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.
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CASH FLOW SUMMARY (FLIP EXIT)
Month 3 4 5 6 7 8 2 1 Purchase Purchase Closing Costs Orig/Disc Points and Loan Closing Costs Holding Costs Interest (Paid or Accrued) Total Cash Spent in Period Cumulative Cost Basis Sale Price Selling Costs Flip Profit to Investor (Pre-Tax) Total Cash Committed
(263,000) (3,288) (370) (370) (370) (370) (35,000) (301,288) (302,028) (370) (301,658) (370) (370) (302,768) (302,398) (370) (301,288) 350,000 (22,750) 24,483 302,768 24.26%
2931 Fort Lauderdale 2931 SW 14th St Fort Lauderdale, FL 33312 786-241-2779 / 786-325-0515 Kappa Homes, LLC Daniel Castillo / Carla Croes
Return on Cash Investment (annualized) Rehab Draws/Expenses
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COMPARABLE SALES REPORT
2931 Fort Lauderdale
2931 SW 14th St Fort Lauderdale, FL 33312 Presented by: Daniel Castillo / Carla Croes Kappa Homes, LLC 786-241-2779 / 786-325-0515 daniel@kappa-homes.com www.kappa-homes.com Property Address: Property City, State, ZIP: Notes: Bedrooms: 4 Baths: 2 SqFt: 1490 Built: 1957 Notes $/Sq. Dist Property Address: Sales Price Date Sold Sq.Ft. Baths Beds
3120 SW 14th St Fort Lauderdale FL
3 2 1,692 07/03/2019 349,900 1,652 358,000 2 09/13/2019 3
1633 SW 30th Ave Fort Lauderdale FL
1,260 310,000 2 09/23/2019 3
2864 SW 16th St Fort Lauderdale FL
4 1,649 380,000 3
1665 SW 28th Ter Fort Lauderdale FL
01/25/2019 1. 2. 3. 4. 207 217 246 230 0.30 0.18 0.24 0.20
3120 SW 14th St Fort Lauderdale FL 1665 SW 28th Ter Fort Lauderdale FL 1633 SW 30th Ave Fort Lauderdale FL 2864 SW 16th St Fort Lauderdale FL