Teardown and rebuild in Portsmouth, VA - Rehab Valuator

Teardown and rebuild in Portsmouth, VA

1517 Richmond Avenue

Portsmouth, VA 23704

Opportunity! Tear down 3BD/1BA 1434 sqft home for new rebuild in an activerehab/new construction area of Portsmouth. New homes and rebuilds sellingin the low $200's. Large lot (approx. 50'x100') allows you to rebuild as big as

you want. Build to sell or build to rent for cashflow.

COURTNEY EVANS

Virginia Beach

757-563-3136

[email protected]

CEMO LLC

2133 Upton Drive, Suite 126-137

www.stoprentingamerica.coom

Exclusively Presented By:

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MARKETING SHEET (FLIP EXIT)

1517 Richmond AvenuePortsmouth, VA 23704

Bedrooms: 3 Baths: 1 Sq. Feet: 1434 Built: 1915This home needs to be torn down

because of major foundation issues atthe rear left side of house.

Presented by:

COURTNEY EVANSCEMO LLC

757-563-3136info@stoprentingamerica.comwww.stoprentingamerica.coom

Property Address:

Property City, State, ZIP:

Notes:


Teardown and new construction opportunity of a 1400-1600 sqft. home.Build for flip or build to Rent.Large Lot can accommodate larger house if you want to build it!

Project Description:

Additional Notes:

PROJECTED RESULTS

After-Repair Value (ARV)

Total Financing Costs

Total Closing and Holding Costs

Total Project Cost Basis

Total Amount Financed

Total Cash Committed

200,000.00

Projected Resale Price% of ARV

Timeline Assumptions

Total Project Cost Basis

ROI

202,000.00

Time to Complete Sale

Total Time

3,000.00

0.00

159,500.00

0.00

159,500.00

122,500.00

34,000.00 17.00%61.25%

1.50%

0.00%

28,360.0017.78%

2 Months

2 Months

4 Months

159,500.00

79.75%

Flip Profit

Annualized ROI 53.34%

Construction Costs

Time to Complete Construction

PURCHASE/CONSTRUCTION ASSUMPTIONS

Purchase Price (Offer Price)

Projected Cost of Sale 14,140.00 null

Teardown and new construction opportunity of a 1400-1600 sqft. home. Lot size approximately50'x100'.


CASH FLOW SUMMARY (FLIP EXIT)

Month 0 3 4 5 6 7 821

Purchase

Purchase Closing Costs

Orig/Disc Points and Loan Closing Costs

Holding Costs

Interest (Paid or Accrued)

Total Cash Spent in Period

Cumulative Cost Basis

Sale Price

Selling Costs

Flip Profit to Investor (Pre-Tax)

Total Cash Committed

(34,000)

(1,500)

(375)(375) (375)(375)

(122,500)

(158,000)

(158,750)

(375)

(158,375)

(375)(375)

(159,500)(159,125)

(375)

(158,000)

202,000

(14,140)

28,360

159,500

53.34%

Teardown and rebuild in Portsmouth, VA1517 Richmond AvenuePortsmouth, VA 23704 757-563-3136

CEMO LLCCOURTNEY EVANS

Return on Cash Investment (annualized)

Construction Draws/Expenses


COMPARABLE SALES REPORT

1517 Richmond AvenuePortsmouth, VA 23704

Active new construction area inPortsmouth, close to the navalshipyard

Presented by:COURTNEY EVANS

CEMO LLC757-563-3136

[email protected]

Property Address:Property City, State, ZIP:

Notes:Bedrooms: 3 Baths: 1 Sq. Feet: 1434 Built: 1915

NotesDistProperty Address: Sales PriceDate SoldBathsBeds1315 Maple Avenue,Portsmouth, Virginia 23704 3 2.5 1,675 4/22/19 200,000 2018 Build

Original build 1940. Recentrebuild.1,856 190,4003 5/23/1941428 Lansing Avenue,

Portsmouth, Virginia 23704

2018 Build1,650 201,0002.5 4/26/1931804 Deep Creek Boulevard,Portsmouth, Virginia 23704

3 1,632 202,5002.51612 Prentis Avenue,Portsmouth, Virginia 23704 4/16/19 2018 Build

1.

2.

3.

4.

119

103

122

124 0.2

0.3

0.2

0.1

Average 0 0

Sq. Ft. $/Sq.


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Teardown and rebuild in Portsmouth, VA - Rehab Valuator

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