House Flipping Case Study #6
7001 Emerson St
Property Info
Address: 7001 Emerson St, Hyattsville, MD 20784
Year Built: 1950
Sq Feet: 1,300
Bedrooms: 3 originally, 4 after rehab
Bathrooms: 1 originally, 2 after rehab
Property URL: click here
Rehab Details
Rehab Cost: $51,042.92
Carrying Cost: $9,266.57
Rehab Time Frame: 3 month
Sale Time Frame: 2 month
Returns
Purchase Price (& Taxes): $157,186.37
Sale Price: $246,214.26
Project Time Frame: Rehab Time Frame + Sale Time Frame = 5 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $28,718.4
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 13.2%