Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago on . Most recent reply
![Ryan Johnston's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/599812/1663014074-avatar-ryanjohnston.jpg?twic=v1/output=image/crop=2432x2432@1685x199/cover=128x128&v=2)
QUICK - Need a review of my numbers for deal analysis
Hey BP, I'm doubting my numbers right now because the whole first deal thing. I've ran them tons of times and I want to make sure that they're right. Can someone please give me some notes? Thank you!!
Property Info:
Purchase price: $100,000
Estimated Rehab budget: $25,000
ARV: $180,000
Profit Before Costs: $55,000
Extra Fees on the buy side:
Closing Costs on the buy of an estimated 3.5% = $3,500
No realtor needed for the buy = 0
TOTAL: $3,500
Hard Money lending detail: 115k loan @ 12.99% for 4 months w/ origin fee & draw fees
3.9% Origin fee on loan of 115,000: $4,500 (rounded up)
12.99% Interest Rate for 4 months: $5,000 (rounded up)
Draw Fees: $1,250
Misc Fees (appraisal/commitment/inspection): $1,000
TOTAL: $11,750
Holding Costs (insurance, utilities, lawncare, taxes): $250/mo
TOTAL: $2,000
Selling Costs:
Closing Costs Estimated at 3.5% of ARV: $6,300
Buyers Agent Commission of 3%: $5,400
Other Misc Expenses: $1,000
TOTAL: $12,700
Summary
+55,000 Profit before fees
- 3,500 Closing Costs on the buy
- 11,750 HML Costs
- 2,000 Holding Costs
- 12,700 Selling Costs
--------------------------------
+ 25,050 Profit after all fees are deducted
Did I miss anything here?! I feel like I'm being thorough but I wanted to double check myself!
Thank you!