WHO SAYS CHRISTMAS DOESN'T COME EARLY!!!

[Paris Wilson]

PURCHASE/REHAB ASSUMPTION
% of ARV
After-Repair Value (ARV)	150,000.00
Purchase Price (Offer Price)	38,000.00	25.33%
Rehab Costs	30,000.00	20.00%
Total Holding and Closing Costs	5,000.00	3.33%
Total Financing Costs	4,801.58	3.20%
Total Project Cost Basis	77,801.58	51.87%
Total Amount Financed	59,271.58
Total Cash Commited	18,530.00

PROJECTED RESULTS
Projected Resale Price	135,000.00
Projected Cost of Sale	9,450.00
Flip Profit	47,748.42
ROI	257.68%
Annualized ROI	618.44%
Timeline Assumptions
Time to Complete Rehab	3 Months
Time to Complete Sale	2 Month
Total Time	5 Month

Townhome Duplex in the East Arlington/Ashburton area of Baltimore, MD located close to the Zoo and Arboretum. Short drive to John Hopkins University and Loyola University Maryland. This home offers 3/1 & 2/1, with 1452 square feet of living space, and a full basement. Update kitchen, baths, light work in bedrooms or go and completely make a complete open concept project. Either way your return is going to be beautiful. Cash buyers ONLY. Quick closing and $2500 EMD.

PROJECT SUMMARY - HOLD/RENT

PURCHASE/REHAB ASSUMPTION
RESULTS
Projected Resale Price	PURCHASE/REHAB ASSUMPTION
Purchase Price	NEW LOAN ASSUMPTIONS
Projected After-Repair Appraisal	RESULTS
Cash-Out at Refi	49,853.42
Profit at Refi	31,323.42
ROI on Downpayment/Cash Invested (Annualized)	405.70%
Original Investment Tied up in Deal after Refi	-
Equity Left in Property	37,500.00
Monthly Cashflow (Pretax)	1,249.03
Cash-on-Cash Return (Annual)	infinite

Breakdown of Financing Costs
Origination/Discount Points	1,530
Other Closing Cost for Loan	-
Interest on Original Loan	1,928
Interest on Rehab Money	1,343
Total Cost of Financing	4,802

Breakdown of Financing Costs
Origination/Discount Points	1,530
Other Closing Cost for Loan	-
Interest on Original Loan	1,928
Interest on Rehab Money	1,343
Total	4,802