Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

111
Posts
38
Votes
Ryan Johnston
  • Flipper/Rehabber
  • Tampa, FL
38
Votes |
111
Posts

QUICK - Need a review of my numbers for deal analysis

Ryan Johnston
  • Flipper/Rehabber
  • Tampa, FL
Posted

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!

Loading replies...