Fix and Flip Real Estate

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Residential Fix and Flip Deal Analyzer

                                                HIGH VALUE     MID VALUE

ESTIMATED SELLING PRICE:                        $   108,000    $   120,000

Less Selling Costs:
 real estate brokers commission                 $     5,500    $     6,000
 title insurance                                $       475    $       450
 escrow fee                                     $       210    $       200
 legal fee                                      $       300    $       300
 recording fees                                 $         25   $         25
 other ___________                              $       -      $       -
 other ___________                              $       -      $       -
                                  SUB-TOTALS:   $     6,510    $     6,975

Less Holding Costs:
 interest carry                                 $     1,500    $     3,000
 taxes                                          $       750    $       750
 insurance                                      $       150    $       150
 utilities:
   gas                                          $         80   $         80
   electricity                                  $       100    $       100
   water/sewer                                  $         50   $         50
   trash                                        $         75   $         75
 other ___________                              $       -      $       -
 other ___________                              $       -      $       -
                                  SUB-TOTALS:   $     2,705    $     4,205

Minus Fix-up Costs:
 clean-up                                       $     3,000    $       350
 painting                                       $     2,700    $     4,000
 carpet                                         $     3,500    $     4,000
 vinyl/tiles                                    $     1,000    $     1,100
yard                                            $       500    $       500
 other ___________                              $       -      $       -
 other ___________                              $       -      $       -
 other ___________                              $       -      $       -
 other ___________                              $       -      $       -
 other ___________                              $       -      $       -
 other ___________                              $       -      $       -
 other ___________                  $       -      $       -
                      SUB-TOTALS:   $    10,700    $     9,950

Minus Buying Costs:
 loan origination                   $     2,000    $     1,500
 appraisal                          $       350    $       500
 credit report                      $         70   $         70
 title insurance                    $       425    $       400
 escrow fee                         $       175    $       150
 recording fee                      $         50   $         50
 other ___________                  $       -      $       -
 other ___________                  $       -      $       -
 other ___________                  $       -      $       -
 other ___________                  $       -      $       -
                      SUB-TOTALS:   $     3,070    $     2,670


Value:                              $   108,000    $   120,000
Purchase Price:                     $    62,000    $    62,000
Total All In Cost:                  $    22,985    $    23,800

= PROJECTED PROFIT                  $    23,015    $    34,200
               3/2/2009




LOW VALUE

$   100,000



$     5,000
$       425
$       190
$       300
$         25
$       -
$       -
$     5,940



$     4,500
$       750
$       150

$         80
$       100
$         50
$         75
$       -
$       -
$     5,705


$       350
$     4,200
$     3,200
$     1,500
$       500
$       -
$       -
$       -
$       -
$       -
$       -
$       -
$     9,750



$     1,000
$       350
$         70
$       375
$       125
$         50
$       -
$       -
$       -
$       -
$     1,970


$   100,000
$    62,000
$    23,365

$    14,635

				
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