House Flipping Case Study #10
7205 Loch Raven Rd
Property Info
Address: 7205 Loch Raven Rd, Temple Hills, MD 20748
Year Built: 1960
Sq Feet:2,200
Bedrooms: 3 originally, 5 after rehab
Bathrooms: 1 originally, 2 after rehab
Property URL: click here
Rehab Details
Rehab Cost: $65,010.83
Carrying Cost: $3,323.77
Rehab Time Frame: 5 month
Sale Time Frame: 2 month
Returns
Purchase Price (& Taxes): $179,132.76
Sale Price: $265,347.63
Project Time Frame: Rehab Time Frame + Sale Time Frame = 7 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $17,880.27
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 7.23%