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Wholesale Investment Property
All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.
This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.
This property is available for purchase only with Cash, Hard Money, or Private Money.
15350 Celeste Rd, Chunchula, AL 36521
Fix and flip/Rental
Wholesale Price: $105,000
Fix & Flip
Rehab Cost: $5,000
After Repair Value: $125,000
Projected Net Profit: $20,624
Rent
Rehab Cost: $5,000
After Repair Value: $125,000
Yearly Net Cash Flow: $12,800
Cash On Cash Return: 12.43%
Cap Rate: 9.14%
Property Information
Building Type: Single Family
Bedrooms: 4
Bathrooms: 2
Square footage: 1,152
Real Estate Tax: $6,400
Vacant: NO
Owner Occupied: NO
Parking: YES
Construction Details
No major contruction needed. Maybe painting at the most.
A huge lot which can be sub-devided.
-No major issues
Facade and Exterior: siding
Roof: Shingle
Electric: Circuit Breakers
Heating: Forced Air – oil
Plumbing: PVC
Laundry: NO
Sewer: septa
Water: Public Water
Zoning: Residential
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.
Fix and Flip
Investment Type Cost
Wholesale Price $105,000
Rehab Cost $5,000
Estimated closing costs $2,500
Estimated holding costs $3,125
Estimated selling costs (5% of ARV) $6,250
Total Initial Investment: $121,875
Net Profit Calculation
Estimated After Repair Value $125,000
Total Estimated Investment $121,875
Projected Net Profit: $3,125
Rental Analysis
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Comparables from the MLS used to determine ARV
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 15745 SANDY RIDGE RD CHUNCHULA, AL |
135,000.00 | 5/23/2022 | 1428 | 1992 | 94.54 | 0.71 |
| 16655 HUNTERS TRL CITRONELLE, AL |
255,000.00 | 4/25/2022 | 1479 | 2017 | 172.41 | 2.28 |
| 15651 BROAD BRANCH RD CHUNCHULA, AL |
130,000.00 | 7/19/2022 | 1287 | 1985 | 101.01 | 3.57 |