QUICK - Need a review of my numbers for deal analysis

4 Replies

Hey BP, I'm doubting my numbers right now because the whole first deal thing. I've ran them tons of times and I want to make sure that they're right. Can someone please give me some notes? Thank you!!


Property Info:

Purchase price: $100,000

Estimated Rehab budget: $25,000

ARV: $180,000

Profit Before Costs: $55,000


Extra Fees on the buy side:

Closing Costs on the buy of an estimated 3.5% = $3,500

No realtor needed for the buy = 0

TOTAL: $3,500


Hard Money lending detail: 115k loan @ 12.99% for 4 months w/ origin fee & draw fees

3.9% Origin fee on loan of 115,000: $4,500 (rounded up)

12.99% Interest Rate for 4 months: $5,000 (rounded up)

Draw Fees: $1,250

Misc Fees (appraisal/commitment/inspection): $1,000

TOTAL: $11,750

Holding Costs (insurance, utilities, lawncare, taxes): $250/mo

TOTAL: $2,000


Selling Costs: 

Closing Costs Estimated at 3.5% of ARV: $6,300

Buyers Agent Commission of 3%: $5,400

Other Misc Expenses: $1,000

TOTAL: $12,700


Summary

+55,000 Profit before fees

-   3,500 Closing Costs on the buy

- 11,750 HML Costs

-   2,000 Holding Costs

- 12,700 Selling Costs

--------------------------------

+  25,050 Profit after all fees are deducted

Did I miss anything here?! I feel like I'm being thorough but I wanted to double check myself!

Thank you!

Hey @J Scott thanks for the response. I'm a realtor so I'll be the listing agent too. I'll have the MLS fee but it's typical around here to do the buyers agent 3% -$350 or whatever it is