Updated almost 10 years ago on . Most recent reply
Townhouse Flip
What are your thoughts on this deal...
Would you do it? This is assuming 1 year to date from closing I will close on the sale. It is a gut rehab.
| Purchase: | |
| Sale Price | $550,000 |
| Closing Costs: | $9,625 |
| Holding: | |
| Renovations | $175,000.00 |
| Mortgage/Taxes | $55,200.00 |
| Utilities | $2,500 |
| Flood Insurance | $2000.00 |
| Selling Costs: | |
| Selling Price | $899,999 |
| Closing Costs | $57,645 |
| Selling Price | $899,999 |
| Costs: | $851,970 |
| % return on money | 5.64% |
| % of cash invested | 22.32% |
| Profit | $48,029 |