Updated over 9 years ago on . Most recent reply
Wholesale Propert For Flip or Buy & Hold In Fort Myers
https://www.agentpro247.com/Report.aspx?key=727793...
Property was sold after rehab in Dec for $85K, offering for 50K. Property is under Contract.
This flip is idea for a buy and holder that would only need to do the following repairs. We had an inspection done today and can provide the inspection upon request. House needs, some facia board repair, new toilet, unclog sink, several drywall patches from holes, general tenant exit cleaning. We a $20,000 profit is possible with a rehab budget of 7K $7.43/sq ft without need for updating. Everything was updated during flip in Dec. Flip profit calculations include standard realtor and closing fees as well as $1000/month carrying cost on a 90 day project. Message me with more interest.
Financial Breakdown
Purchase Costs
| Purchase Price: | ($50,789.00) |
| Purchase Closing Costs: | ($1,500.00) |
| Total | ($52,289.00) |
| Total Rehab Costs: | ($7,000.00) |
| Total | ($7,000.00) |
| Monthly Holding Costs: | ($17.00) |
| Total Days Held: | 90 |
| Total | ($51.00) |
| Sales Price After Fix Up (ARV): | $86,000.00 |
| All Selling Closing Costs: | ($1,500.00) |
| Real Estate Agent Fees: | ($5,160.00) |
| Total | $79,340.00 |
| Total Profit for Flip | $20,000.00 |
| 45 Days | 90 Days | 270 Days |
| $20,025.50 | $20,000.00 | $19,898.00 |