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Wholesale Deals

2850 Palm Drive, Palm Beach, FL

Asking Price:
$240,000
After Repair Value:
$405,000
Bedrooms:
4
Bathrooms:
2.5
House Area:
2,584 sqft
Lot Size:
0.32 Acre
Details
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Quick Calculators

Fix and Flip
Short Term Rental
Long Term Rental

Gross Cost & Return Analysis

Loan Percentage

Purchase Price

Rehab

ARV

Interest Rate

Estimated Time Held

Insurance

Utilties

Taxes

All Cash
Potential Revenue
Potential ROI
$93,000
47.45%
Loan Wolf
Potential Revenue
Potential ROI
$93,000
$58.87%
  • Fix and Flip Analysis Summary
    All Cash
    Hard Money Loan
    Buyer's Costs
    Loan Amount
    Buyer's Costs
    Purchase Price
    $250,000
    $200,000
    $50,000
    Rehab Cost
    $50,000
    $50,000
    Closing Costs
    $12,000
    $15,000
    Holding Costs
    $7,000
    $7,000
    Total Investment
    $319,000
    $250,000
    $72,000
    After Repair Value
    $412,000
    $412,000
    Loan Payoff
    $250,000
    Gross Revenue
    $93,000
    $57,000
    Gross ROI
    29.15%
    79.17%
    Annualized Gross Reveue
    $186,000
    $114,000
    Annualized Gross ROI
    58.30%
    158.34%
  • Analysis Breakdown
    Closing Costs
    $2,500
    1% for Title Closing Costs
    $2,500
    Lender Closing Costs
    $1,500
    Origination Fee
    $5,000
    $2,500
    Total
    $9,000
    Holding Costs
    6
    Months Held
    6
    $1,200
    Insurance Costs
    $1,200
    $1,030
    Utilities Bills
    $1,030
    $1,900
    Property Taxes
    $1,900
    Mortgage Interest
    $4,887
    $4,130
    Total
    $9,017
  • Return Breakdown
    Returns Analysis
    $412,000
    After Repair Value
    $412,000
    - $319,000
    Total Investment
    - $72,000
    Loan Payoff
    - $250,000
    $93,000
    Gross Profit
    $57,000
    Gross Profit is the After Repair Value subtracted by the Total Investment Amount
    Additional Fees will be incurred on the sale of the property depending on the method
    $93,000
    Gross Profit
    $57,000
    ÷ $319,000
    Total Investment
    ÷ $72,000
    29.15%
    Gross ROI
    79.17%
    The Gross ROI is calculated by dividing the Gross Profit by the Total Investment
    6
    Months Held
    6
    58.30%
    Annualized Gross ROI
    158.34%
    $186,000
    Annualized Gross Profit
    $114,000
    To calculate the Annualized Gross Profit and ROI, first calculate the Time Held Ratio.
    Time Held Ratio = ( Time Held in Months ) ÷ ( 12 Months in a Year)
    Then divide the Gross Profit and the Gross ROI by the Time Held Ratio
    ( Annualized Gross Profit ) = ( Gross Profit ) ÷ ( Time Held Ratio )
    ( Annualized Gross ROI ) = ( Gross ROI ) ÷ ( Time Held Ratio )
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Operating Income & Annual Return Analysis

Acquisition and Sale

Purchase Price

Value Appreciation

Time Held

Cost to Sell

Loan Percentage

Interest Rate

Loan Term

Property Income

Annual Increase

Monthly Rent

Other Income

Vacancy Rate

Management Fee

Annual Expenses

Annual Increase

Taxes

Total Insurance

HOA Dues

Maintenance
and Repairs

Other Costs

All Cash
Net Operating Income
IRR
$93,000
47.45%
Loan Wolf
Net Operating Income
IRR
$93,000
$58.87%
  • Long Term Rental First Year Analysis
    All Cash
    Hard Money Loan
    Purchase Price
    $285,000
    $285,000
    Down Payment
    $57,000
    Closing Costs
    $2,850
    $10,050
    Total Investment
    $287,850
    $67,050
    Monthly Income
    $3,100
    $3,100
    Mortgage Payment
    $922
    Monthly Expenses
    $650
    $650
    Monthly Cash Flow
    $2,320
    $1,398
    Vacancy Rate
    7%
    7%
    First Year Cash Flow
    $25,891
    $15,601
    Cash on Cash Return
    8.99%
    23.27%
  • Analysis Breakdown
    Closing Costs
    $2,850
    1% for Title Closing Costs
    $2,850
    Lender Closing Costs
    $1,500
    Origination Fee
    $5,700
    $2,850
    Total
    $10,050
    First Year Cash Flow
    12
    Months
    12
    $36,000
    Total Income
    $36,000
    $7,800
    Total Expenses
    $18,864
    $2,520
    Vacancy Loss
    $2,520
    $25,680
    Total Cash Flow
    $14,616
    Cash on Cash Return
    $25,680
    Cash Flow
    $14,616
    $287,850
    Total Investment
    $67,050
    8.99%
    Cash on Cash Return
    23.27%
  • Lifetime Return Summary
    Returns Analysis
    $412,000
    Total Rental Income
    $412,000
    $319,000
    Total Expenses
    $72,000
    $93,000
    Net Operating Income
    $57,000
    Net Operating Income is the total revenue generated from the property subtracted by the total operating expenses for the property.
    $93,000
    Net Operating Income
    $57,000
    $519,000
    Equity Accumulated
    $319,000
    $72,000
    Cost To Sell
    $72,000
    $894,940
    Total Profit when Sold
    $804,760
    The Total Profit for a given property after it is sold is the Net Operating Income plus the accumulated equity on the property subtracted by the cost of sale.
    For the All Cash equity is the current value of the property, while the Hard Money loan equity is the current value subtracted by the balance remaining on the loan.
    $894,940
    Total Profit When Sold
    $804,760
    $262,000
    Total Investment
    $65,000
    310.74%
    Cash on Cash Return
    1,341.27%
    11.98%
    Lifetime IRR
    30.87%
    The Cash on Cash Return is the Total Profit when sold divided by the Total Investment amount.
    The Lifetime IRR is the calculated Internal Rate of Return of the property for the total number of years held.
    The Internal Rate of Return above is the annual rate of growth that an investment property may generate using the user provided information.
    IRR is very useful for capital budgeting analysis and for comparing the potential return rates of different properties over time.
  • Annual Breakdown
    This section is best viewed on a laptop or desktop
    Year
    Total Mortgage
    Total Expenses
    Total
    Income
    Cash Flow
    Cash on Cash Return
    Accumulated Equity
    Cash from Sale
    IRR
    0
    -$67,050
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