Property Rehab Qualification Worksheet

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					Property Rehab Qualification Worksheet Property Address: Preparer: Expenses After Repair Value (ARV) Selling Expenses Realtor Fees Closing Costs Rehab Expenses Demolition Demo / Disposal Demolition Asbestos Siding Architectural fees Zoning Board Appl/Approval Permit Application Fees Inspections Property Inspection Termite Inspection Utility connections Electrical (disconnect/temp.) Plumbing (disconnects) Temp. utilities Exterior Exterior windows Exterior windows (commercial) Exterior doors Rear Decks (Labor + Materials) Roof Siding / Soffits Front Porch Roof/Columns Front Porch Fiberglass Sprinkler System Foundation Garage Driveway Landscaping Water / Sewer Interior Rough wood framing materials Rough wood framing labor Plumbing Rough Electric Rough Drywall Insulation Trim (Doors, Base, Trim) Painting Concrete work Hardwood Floors Carpeting Kitchen Kitchen Cabinets $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Date: Subtotals

$21,000.00 $7,000.00

$3,000.00 $15,500.00 $0.00 $500.00 $500.00 $300.00 $50.00

Kitchen Counters Granite Tile Kitchen backsplash Appliances Washer/Dryer Dishwashers Refrigerators Gas ranges Microwave combos Bath Bath Vanities/tops Bath Mirrors Bath Glass Doors Tile Bath Fixtures Plumbing Fixtures Electrical Fixtures HVAC Miscellaneous Port A John Dumpsters Purchase Expenses Closing Costs (2% of ARV) Loan Fees Hard Money Lender Fees Carrying Charges Realtor / Assignment Fees Total Expenses for Purchase, Rehab and Selling Total Selling Exp Total Rehab Exp Reserve (10% of exp) Total Purchase Expenses Max Loan Amount Equal to 70% of ARV Max Purchase Price Equal to Max Loan Amount minus Rehab, Reserve and Purchase Expenses Estimated Gross Income Equal to 30% of ARV Estimated Net Profit Equal to Gross Profit minus Selling Expenses

$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $7,000.00 $0.00 $0.00 $0.00 $0.00 $28,000.00 $19,850.00 $1,985.00 $7,000.00

Totals $350,000.00

% of Total 100% 6% 2%

$56,835.00 $245,000.00 $216,165.00 $105,000.00 $77,000.00

8% 6% 1% 2% 16% 70% 62% 30% 22%


				
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posted:6/4/2009
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Description: This worksheet is a template for evaluating the purchase of investment properties and the costs associated with purchase, rehab and selling. Proper use and adherance to Max Loan and Max Price limits will help guarantee a profitable project.