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Updated over 8 years ago, 06/28/2016
Flip at prime a location in SoCal
Buying at dream location, dream property near beach in San Diego. First column is conservative, second column is the best case scenario. This is cash deal , will refinance after closing. What do you guys think about this flip?
| ARV | $465,000 | $475,000 |
| Offer Price | $360,000 | $350,000 |
| Commission 4.5% | $16,200 | $15,750 |
| Technology | $299 | $299 |
| Rehab | $20,000 | $15,000 |
| Eviction | $5,000 | $3,000 |
| Closing | $3,000 | $3,000 |
| Inspection | $500 | $500 |
| Holding Cost | $4,000 | $4,000 |
| Sales cost 10% | $46,500 | $47,500 |
| Profit | $9,501 | $35,951 |
| Cash Invested | $408,999 | $391,549 |
| Return on Invested cash | 2.32% | 9.18% |