Great neighberhood
640 S 2nd Ave West Bend, 53095
In progress
$250,000
Property Description
The property is currently a 4/1/1676, we have checked and plan to add 1 Full Bathroom and finished basement to create a new layout of 4 bedrooms/2 Bathrooms and 2,300 Sqft.
Property overall in good shape and major rehab plan includes Addition of new
bathroom, Interior and Exterior Paint, New Windows, Doors, LVP Flooring through out
the house and newly designed Kitchen.
Property Details
Property Type
Single Family
Bedrooms
4
Bathrooms
2
Year Built
1676
Size
Floors
2,276 sqft
2
Business Plan
Purchase Price
Overhead Exp
Closing Costs
$192,000
$10,750
$1,000
Management Fee
Estimate Rehab
Unexpected
$0
$82,000
$8,200
Project time
6
months
Project total cost (All in)
$293,950
Investor Profit share
Investment
$250,000
Fixed rate (Yearly)
8%
+
From profit
20%
Title | Optimistic | Realistic | Pessimistic |
|---|---|---|---|
Selling Price | $374,000 | $359,000 | $344,000 |
Closing Costs 6.5% | $24,310 | $23,335 | $22,360 |
Project Profit (before Tax) | $55,740 | $41,715 | $27,690 |
Private Investor Share | $11,148 | $8,343 | $5,538 |
Net Total Private investor profit | $20,033 | $17,509 | $14,984 |
Contact us
11220 W. Burleigh Street Suite 100
Wauwatosa, WI, 53222
+1 (240) 370-4580
