[Calc Review] Help me analyze this deal
I am considering pitching this to a few buyers to see if interested. I would like someone else to analyze the deal to see if they look like solid numbers an investor would be interested in:
Purchase Price ($215,800.00)
Purchase Closing Costs ($3,000.00)
Total ($218,800.00)
Total Rehab Costs ($40,000.00)
Total ($40,000.00)
Monthly Holding Costs ($100.00)
Total Days Held 60
Total ($200.00)
After Repair Value $300,000.00
All Selling Closing Costs ($3,000.00)
Real Estate Agent Fees ($18,000.00)
Total $279,000.00
Total Profit for Flip $20,000.00
*This link comes directly from our calculators, based on information input by the member who posted.
Most Popular Reply
My opinion is, don't do this deal in this depreciating market. There are too many uncertainties in the present market to have a projected profit that small. If you apply the 70% rule, based on your data, your purchasing price has to be $170K. (70% x ARV – repair cost). This is just a safe way to analyze your deal but you have to do all your homework.