Property Description:
531 Cooper St Laurel, DE 19956
1,200 Sq Ft
2 Beds 1 Bath
ASKING - $100,000.00
Comparable Sales: Other 2+ Bed Properties101 Records Pond Court, Laurel, DE 19956 - Sold for $225,000.00 - $156.25 Price per Sq Ft
511 Cooper St Laurel, DE 19956 - Sold for $185,000 - $154.17 Price per Sq Ft
324 E 6th St, Laurel, DE 19956 - Sold for $185,000 - $205.55 Price per Sq Ft
109 Broadcreek Rd, Laurel, DE 19956 - Sold for $$235,000 - $195.83 Price per Sq F
AVG PPSF: $177.95
Flip Profit:After Repair Value Calculations:
$AVG SQ FT X Sq Ft house =
After Repair Value of $213,540 Repairs:
Roof: $17,500
Drywall: $10k
Kitchen: $10k
Bathroom: $10k
Flooring: $10k
Heating: $3k
Misc: $10k
Potential Flip Profit:$213,540 ARV Minus $70,500k Repairs Minus Closing Costs $10k = $133,040
$133,040 Minus $100k Acquisitions = $33,040 Profit on a Flip!Landlord Profit:Expenses Per Month:
Taxes - $214/Mo (Annual -$2,568)
Insurance - $125/Mo (Annual - $1,500)
Maintenance @ 8%/Year of Gross Rents - $112/Mo (Annual -$1,344)
Revenue per Month:
Rent: $1400 - Expenses: $451= $949
Profit: $949/Mo (Annual - $11,388)