House Flipping Case Study #12
12261 Greenleaf Ave
Property Info
Address: 12261 Greenleaf Ave, Potomac, MD 20854
Year Built: 1970
Sq Feet: 2,238
Bedrooms: 3 originally, 4 after rehab
Bathrooms: 2 originally, 3 after rehab
Property URL: click here
Rehab Details
Rehab Cost: $94,252.41
Rehab Time Frame: 4 mont2h
Sale Time Frame: 1 month
Returns
Purchase Price (& Taxes): $442,711.56
Sale Price: $621,300.41
Project Time Frame: Rehab Time Frame + Sale Time Frame = 4 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $78.565.98
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 17.75%