House Flipping Case Study #11
7010 Canyon Dr
Property Info
Address: 7010 Canyon Dr, Capitol Heights, MD 20743
Year Built: 1956
Sq Feet: 1,050
Bedrooms: 3 originally, 4 after rehab
Bathrooms: 1 originally, 2 after rehab
Property URL: click here
Rehab Details
Rehab Cost: $70,893.58
Carrying Cost: $6,931.52
Rehab Time Frame: 6 month
Sale Time Frame: 1 month
Returns
Purchase Price (& Taxes): $166,599.24
Sale Price: $256,418.88
Project Time Frame: Rehab Time Frame + Sale Time Frame = 7 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $11,994.54
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 4.91%