Loan Amount : $247,200
820 1st St, Merritt Island, FL 32953
Purchase Price $219,000
Closing Costs & Insurance $6,444
Lender Fee $4705
Loan Amount $247,200
Borrower Cash at Closing $54,949
Rehab Costs $72,000
Total Investment Loan $74,011
Contract Sales Price $380,000
Closing Costs $19,000
Interest Expense $18,057
Profit $62,552
Investor Investment $298,448
Annualized ROI – Loan 82.80%
Annualized ROI – Cash 32.28%
Loan to Cost 80%
