Estimated ARV: $230,000 – $260,000
Estimated Rehab: $55,000
Cash Required at Closing: $62,460
Estimated Gross Profit: $35,000
Acquisition Cost: $140,000
*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.