Sunday, September 27, 2009

Bank Owned 3/2/2 Fixer Upper, Beacon Hill

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Financial Analysis
Price $47,500
Closing Cost $2,200
Rehab $20,000
Total Cash Investment $69,700
ARV $95,000
Vacancy Rate 5.40%
Rent 1,000
Tax+Ins. 275
Monthly Cash Flow 725


Yearly Cash Flow 8700
Net Vacancy 8230.2
ROI (Full Occupancy) 12.48%
Adjusted ROI (Net Vacancy) 11.81%
Equity $25,300


Property Highlights
Sqft: 1204
Beds: 3
Baths: 2
Construction Block
Year 1981
Wholesale Price: $47,500
After Repair Value: $95,000
Repair: $20,000
Area Zip Code: 32818
Subdivision: Beacon Hill
Notes : Fixer upper, will need roof replacement, ceiling replacement, flooring, and general cosmetic clean up.

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