Estimated ARV: $550,000 – $580,000
Estimated Rehab: $120,000
Cash Required at Closing: $146,100
Estimated Gross Profit: $21,125
Acquisition Cost: $350,000
*Acquisition Cost: Acquisition cost is the cost to purchase the deal (contract & respective property) excluding closing costs.
*Assumes getting approved from one of our preferred lenders and financing the deal at a max of 65% LTV, 14% APR, and 4 points, plus lender’s attorney fees, appraisal fee, and other fees. Lender to finance 80% of purchase and 100% of construction.