A B C D E F

1 REAL ESTATE REHAB PROFITABILITY ANALYSIS

2 BUY IT--FIX-IT--SELL IT--FORGET IT
3
4 When buying a house to fix up and resell, use the calculator below to
5 allow for ALL your possible costs.
6
7
8 PESSIMISTIC MEDIUM PTIMISTIC
9
10 PURCHASE PRICE 75000 75000 75000
11
12 PLUS purchase costs
13 loan origination 1,050 1,000 950
14 appraisal 400 400 400
15 credit report 70 70 70
16 title insurance 425 400 375
17 escrow fee 175 150 125
18 recording fee 50 50 50
19 other ___________ 0 0 0
20 other ___________ 0 0 0
21 other ___________ 0 0 0
22 other ___________ 0 0 0
23 SUB-TOTAL 2,170 2,070 1,970
24
25 TOTAL PURCHASE PRICE 77,170 77,070 76,970
26
27 ANTICIPATED SALES PRICE 95,000 100,000 105,000
28
29 Less Sales Costs:
30 Real estate commission 6,000 6,000 6,000
31 Title Insurance 500 500 500
32 Documentary stamps 300 300 300
33 SUB TOTA 6,800 6,800 6,800
34
35 Less Holding Costs:
36 interest 3,780 3,600 3,420
37 taxes 600 600 600
38 insurance 150 150 150
39 utilities:
40 gas 80 80 80
41 oil 0 0 0
42 electricity 100 100 100
43 water/sewer 50 50 50
44 trash 75 75 75
45 other ___________ 0 0 0
46 other ___________ 0 0 0
47 SUB-TOTAL 4,835 4,655 4,475
48 Less Fix-up Costs:
49 clean-up 350 350 350
 A B C D E F
50 painting 1,000 1,000 1,000
51 carpet 2,500 2,500 2,500
52 vinyl/tiles 800 800 800
53 yard 500 500 500
54 other ___________ 0 0 0
55 other ___________ 0 0 0
56 other ___________ 0 0 0
57 other ___________ 0 0 0
58 other ___________ 0 0 0
59 other ___________ 0 0 0
60 other ___________ 0 0 0
61 SUB-TOTAL 5,150 5,150 5,150
62
63 NET PROCEEDS TO SELLER 78,215 83,395 88,575
64
65 PROFIT/LOSS ON HOUSE 1,045 6,325 11,605
66