House Flipping Case Study #2

6813 3rd Street



Property Info


Address: 6813 3rd Street, Riverdale, MD 20737
Year Built: 1945
Sq Feet: 1,133
Bedrooms: 3 originally, 4 after rehab
Bathrooms: 1 originally, 2 after rehab
Property URL: click here


Rehab Details



Rehab Cost: $57,279
Carrying Cost: $5,551
Sales Cost: $26,596
Rehab Time Frame: 3 month and 21 days
Sale Time Frame: 2 month and 3 days


Returns


Purchase Price (& Taxes): $160,000
Sale Price: $285,000
Project Time Frame: Rehab Time Frame + Sale Time Frame = 6 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $35,573
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 15.96%