House Flipping Case Study #7

2512 Newglen Ave,



Property Info


Address: 2512 Newglen Ave, District Heights, MD 20747

Year Built: 1952
Sq Feet: 864
Bedrooms: 3 originally, 3 after rehab
Bathrooms: 1 originally, 1 after rehab
Property URL: click here


Rehab Details


Rehab Cost: $44,675
Carrying Cost: $15,039.36
Sales Cost: $15759.21
Rehab Time Frame: 4 month 
Sale Time Frame: 2 month


Returns


Purchase Price (& Taxes): $105,324.17
Sale Price: $217,017.75
Project Time Frame: Rehab Time Frame + Sale Time Frame = 6 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $34,190.01
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 20.71%