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
Sales Cost: $24,793.36
Rehab Time Frame: 4 month 
Sale Time Frame: 1 month


Returns


Purchase Price (& Taxes): $171,532.27
Sale Price: $279,799.11
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%