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[James Krueger]

Property Information

   Home Type: Single-family

   Year Built: 1945

   Home Style: Cape Cod

   Neighborhood: Norton Shores - West

   # of Bedrooms: 4

   # of Bathrooms: 2.5 (Adding 1 full to current)

   # of Stories: 1.5

   Square Footage: 1,422

   Lot Size: 82.5’ x 135’ (0.26 acres)

   Garage: 1.5-stall attached

   Driveway: Paved

   Basement: Full

Purchase Information

   Purchase Price: $55,000

   Contract Closing Date: 6/30/2020

   Estimated Selling Costs: $4,000

Rehab/Holding Costs

   Overall Rehab Costs: $65,000

   Estimated Property Tax: $700

   Estimated Hazzard Insurance: $1,000

   Estimated Utility Costs: $500

Financial Information

   Total Cash Required: $126,200

   Loan Amount: $126,200

   Interest Rate: 8.5%

   Estimated Term: 4 months (10/31/2020)

   Total Interest: $10,727

   10% Profit Bonus: $2,677

Total ROI: $13,404

   Annualized Return Rate: 31.86%

Profit Summary

Estimated Sale Price (ARV): $180,000

   Gross Profit: $43,073

   Estimated Selling Costs: $16,300

   Estimated Net Profit: $26,773