Teardown and rebuild in Portsmouth, VA - Rehab Valuator
Transcript of 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
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 rebuild in Portsmouth, VA
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'.
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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
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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
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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