House Flipping Case Study #8
6318 Gateway Blvd
Property Info
Address: 6318 Gateway Blvd, District Heights, MD 20747
Year Built: 1926
Sq Feet: 1,300
Bedrooms: 4 originally, 5 after rehab
Bathrooms: 2.5 originally, 3 after rehab
Property URL: click here
Rehab Details
Rehab Cost: $54,666.26
Carrying Cost: $6,339.09
Rehab Time Frame: 4 month
Sale Time Frame: 1 month
Returns
Purchase Price (& Taxes): $171,532.27
Sale Price: $251,005.35
Project Time Frame: Rehab Time Frame + Sale Time Frame = 5 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $18,467.73
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) =7.94%