House Flipping Case Study #5
570 Grovers Turn Rd
Property Info
Address: 570 Grovers Turn Rd, Owings, MD 20736
Year Built: 1951
Sq Feet: 2,475
Bedrooms: 5 originally, 6 after rehab
Bathrooms: 2 originally, 4 after rehab
Property URL: click here
Rehab Details
Rehab Cost: $125,295
Carrying Cost: $3,000
Rehab Time Frame: 3 month
Sale Time Frame: 1 month
Returns
Purchase Price (& Taxes): $162,319.14
Sale Price: $340,000
Project Time Frame: Rehab Time Frame + Sale Time Frame = 4 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $49,385.86
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 16.99%