This investment property is located in a prime area of Hamilton in a great residential and convenient area. It is a premier property for a profitable fix and flip.

The Numbers:

ARV = $285,000 based on comps from TREND – http://matrixweb.trendmls.com/Matrix/Public/Portal.aspx?k=28034629X6cKZ&p=DE-56857020-291#1

Buyer’s Estimated Expenses

Estimated Repair Cost: $54,000

Roof: $6500
Windows: $4000
Landscape: $3000
Kitchen: $11,000
1.5 Bath: $6500
Flooring: $6000
Sheet Rock: $5000
Front Step: $3500
Paint: $2000
Furnace: $4500
Trim: $2000
Total: $54,000

Closing Costs: $2800
Monthly Holding Costs: $528
Repair Period: 1.5 months
Marketing Costs: $500
Selling Costs: $14,000

For Fix and FLIP Acquisition
Buyer ROI = 20.48%
Buyer Net Profit = $48,450

As a BRRRR Acquisition:
Monthly Cash Flow $2000 – $2150
Net Operating Income: $18,664
Purchase Price: $171,000
Cap Rate: 11%