House Flipping Case Study #1

7918 Grant Drive



Property Info


Address: 7918 Grant Dr, Glenarden, MD 20706
Year Built: 1964
Sq Feet: 999
Bedrooms: 3 originally, 4 after rehab
Bathrooms: 1 originally, 2 after rehab
Property URL: click here


Rehab Details



Rehab Cost: $66,225
Carrying Cost: $6491
Sales Cost: $29,508
Rehab Time Frame: 2 month and 7 days
Sale Time Frame: 1 month and 22 days


Returns


Purchase Price (& Taxes): $155,194
Sale Price: $295,000
Project Time Frame: Rehab Time Frame + Sale Time Frame = 4 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $37,582
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 16.48%