Anchor, Plano, TX Flip (Dallas)
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June 15, 2011
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Dani Beit-Or
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Blog, Dallas, Investment Properties, Properties, Rental Property, Single Family
Anchor, Plano, TX – Analysis
Category: Fix and Flip Property 
Bedrooms: 4 | Bathrooms: 2 | Sqft: 2,209 | Type: Single Family | Built: 1986
| Estimated Project Duration | 3 Months |
| PURCHASE COSTS: | |
| Purchase Price | ($153,000.00) |
| Inspection(s) | ($275.00) |
| Appraisal(s) | ($450.00) |
| Survey(s) | ($275.00) |
| Lender Fees/Costs | ($2,000.00) |
| Closing Costs | ($1,000.00) |
| Other | $0.00 |
| Total: | -$157,000.00 |
| REHAB COSTS: | |
| Estimated Labor & Materials | ($15,000.00) |
| Total: | -$15,000.00 |
| HOLDING COSTS: | |
| Mortgage Payments | ($2,000.00) |
| Property Taxes | ($1,000.00) |
| Insurance | ($300.00) |
| Utilities | ($500.00) |
| Lawn Care | ($150.00) |
| Other | ($100.00) |
| Total: | -$4,050.00 |
| SELLING COSTS: | |
| Selling Price | $200,000.00 |
| Commission To Agents | ($12,000.00) |
| Buyer Home Warranty | ($500.00) |
| Buyer Termite Letter | $0.00 |
| Buyer’s Closing Costs | ($2,000.00) |
| Seller’s Closing Costs | ($500.00) |
| Total: | $185,000.00 |
| PROFIT: | $8,950.00 |
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