House Flipping Case Study #13
919 Nova Ave
Property Info
Address: 919 Nova Ave, Capitol Heights, MD 20743
Year Built: 1920
Sq Feet: 1,046
Bedrooms: 2 originally, 3 after rehab
Bathrooms: 2 originally, 2 after rehab
Property URL: click here
Rehab Details
Rehab Cost: $53,000
Carrying Cost: $18,120
Rehab Time Frame: 4 month
Sale Time Frame: 1 month
Returns
Purchase Price (& Taxes): $102,000
Sale Price: $200.000
Project Time Frame: Rehab Time Frame + Sale Time Frame = 4 months
Project Profit: Sale Price – Purchase Price – Rehab Cost – Carrying Cost – Sales Cost = $26,880
Project return on investment: Project Profit / (Purchase Price + Rehab Cost + Carrying Cost) = 15.53%