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Updated about 5 years ago on . Most recent reply

User Stats

23
Posts
4
Votes
Ray Realdine
  • Philadelphia, PA
4
Votes |
23
Posts

Potential Flip Deal...should I do it?

Ray Realdine
  • Philadelphia, PA
Posted

Hi all!

Looking for insight:

Would you do this deal:

4bed/1.5 bath

Purchase price: 75k

Rehab: 75k

ARV: 220k

Hard money 9% +3 points

Up front Out of pocket cost: 21k

Holding cost (6months): 11k

Net profit: 17k

ROI: 53%

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