Property Description:
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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
Comparables from the MLS used to determine ARV
Average Cost/SQFT:$122.65
Average Sold Price:$173,333.33
After Repair Value:$125,000.30
Address Price Sold Sold Date Size (sf) Year Built Price per 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