Seeking cash Partner for a PA fix and flip with high ROI

by Christopher Hepburn
(Selinsgrove PA USA)

Purple Pliers, Inc. is seeking $35,000 for this real estate project. The property is located at 424 South Shamokin Street Shamokin, PA 17872. The property is in need of extensive repairs and upgrades. The home is being purchased for $5,000. There are 3 bedrooms and 1.5 bathrooms. The home has 1412
square feet of living space with a lot size of 0.09 acres.

There will be new flooring installed in the kitchen as well as adding upgraded countertops. The entire interior will get new flooring and be repainted. The bathrooms will get complete remodels. The landscaping will need a great deal of clean up and the deck will need refinished. The original rehab estimate is $30,000.

The ARV (After Repair Value) of this home is $84,000 based on an ARV appraisal completed on August 1, 2013. The projected all cash profit for this property is approximately $41,050. The profit will be split 50% to the lender and 50% to the investor. A $35,000 investment from the lender will yield a return of $20,525 or a 56.65% ROI.

The area is a bit depressed so not many people are rehabbing properties here, so when a rehab comes on the market, it generally doesn’t last for very long. We are expecting that once the renovations are completed, the property will sell fairly quickly. Another bonus is the fact that it has offstreet parking which is uncommon in this area. We are estimating total project to take 6 months from beginning to end.


Profit Breakdown
After Repair Value: $84,000
Purchase Price: $5,000
Estimated Purchase Escrow & Vacant Policy Insurance: $1,220
Realtor fees to sell and sales-escrow expense: $6,720
Total Investment Cost / Purchase Price - repair costs - purchase escrow: $36,230
PROJECTED ALL CASH PROFIT: $41,050
Lender’s profit after split with investor: $20,525
Lender’s Return on investment if property take 12 months to sell: 56.65%

Projected numbers are based on estimates and evaluations made by the drafter of this document. You should consult your own professionals for advice regarding the projections. You understand that the drafter is not making any professional recommendations whether accounting, legal, real estate, or otherwise.

Contact us at purplepliers@ptd.net for a full presentation.

Comments for Seeking cash Partner for a PA fix and flip with high ROI

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