Classifieds
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
INCREDIBLE SFR DETACH OPPORTUNITY!!! CHECKOUT THE NUMBERS!!
5006 Sipple Ave is a house in Baltimore, MD 21206. This 1,478 square foot house sits on a 0.59 acre lot and features 4 bedrooms, 1 bathroom. This property was built in 1918. Perfect investment property. Large home with lots of potential. Just waiting on the right person with a vision. Needs work. Property Summary available with comps and additional info.
| PURCHASE/REHAB ASSUMPTIONS | ||
|---|---|---|
| % of ARV 58% | ||
| After-Repair Value (ARV) | 190,000.00 | |
| Purchase Price (Offer Price) | 50,000.00 | 26.32% |
| Rehab Costs | 55,000.00 | 28.95% |
| Total Holding and Closing Costs | 5,000.00 | 2.63% |
| Total Financing Costs | 0.00 | 0.00% |
| Total Project Cost Basis | 110,000.00 | 57.89% |
| Total Amount Financed | 0.00 | |
| Total Cash Commited | 110,000.00 |
| PROJECTED RESULTS | |
|---|---|
| Projected Resale Price | 175,000.00 |
| Projected Cost of Sale | 10,500.00 |
| Flip Profit | 54,500.00 |
| ROI | 49.55% |
| Annualized ROI | 148.64% |
| Timeline Assumptions | |
| Time to Complete Rehab | 2 Months |
| Time to Complete Sale | 2 Month |
| Total Time | 4 Month |
Offering