House Flipping Case Study #14
5205 N Englewood Dr.
Property Info
Address: 5205 N Englewood Dr, Landover, MD 20785
Year Built: 1944
Sq Feet: 1224
Bedrooms: 3 originally, 3 after rehab
Bathrooms: 1.5 originally, 2 after rehab
Property URL: click here
Rehab Details
Rehab Cost: $65,000
Carrying Cost: $21,360
Rehab Time Frame: 3 month
Sale Time Frame: 1 month and 18 days
Returns
Purchase Price (& Taxes): $121,000
Sale Price: $235,000
Project Time Frame: Rehab Time Frame + Sale Time Frame = 4 months+18 days
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $27,640
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 13.32%