|Address||Property type||Purchase Price||Rehab cost||ARV||Date of Purchase||Projected timeline for
refinance or sale
|1008 Braemar, Flossmoor, IL 60422||Single Family Residential||$52,000||$45,000||$160,000||02/29/2016||4.1 months|
|Date of Sale||Sales Price||CoC||Annualized ROI||% Difference of Projected |
vs Actual ARV
|% Difference of Projected |
vs Actual Rehab
|% Difference of Projected
vs Actual Timeline
Purchase Price: $48,000
Purchase Date Closed: 03/02/2016
EAC is not involved in the profits on this deal, an investor get’s share of profit’s on this deal. Deal closed and sold for $165k…$5k more than expected. EAC will be funded back this week.
If our plans to perform a complete rehab within 6 weeks, however, construction will not begin until early April. The reason is that we really have to wait 90 days from property close and rehab will be completed by then, and to have an appraisal reflect the ARV with that new value.