House Flipping Case Study #4

705 Glacier Ave



Property Info


Address:  705 Glacier Ave, Capitol Heights, MD 20743 

Year Built: 1967
Sq Feet: 1,470 
Bedrooms: 4 originally, 4 after rehab
Bathrooms: 1 originally, 2 after rehab
Property URL: click here


Rehab Details


Rehab Cost: $87,491.75
Carrying Cost: $5,030
Sales Cost: 
Rehab Time Frame: 3 month 
Sale Time Frame: 1 month


Returns


Purchase Price (& Taxes): $101,030
Sale Price: $218,762.39
Project Time Frame: Rehab Time Frame + Sale Time Frame = 4 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $30,240.84
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 16.04%