Loan Amount : $230,500
870 Sandgate St, Merritt Island, FL 32953
Purchase Price $199,990
Closing Costs & Insurance $7885
Lender Fee $3120
Loan Amount $208,000
Borrower Cash at Closing $52,535
Rehab Costs $49,000
Total Investment – Cash $256,875
Contract Sales Price $350,000
Closing Costs $17,500
Interest Expense $6,881
Total Investment $256,875
Profit Cash $68,744
Investor Investment $256,875
Annualized ROI 430.66%
Cash on Cash Return 7.70%
Loan to Cost 79.50%
Loan to ARV 59.43%
