Invest | ParceLion | Real estate investment, property investment, home addition

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Investment Options


200649
Property Type:Single Family Home
Beds:3
Baths:2
Lot Size SqFt:7,350
Stories:1
Age:53
Zoning Code:R1
Max Stories Allowed:2.50
Max Living Area Allowed:3,308
Area Available For Additions:3,308

Purchase Price:
Asking Price:
$449,000
Cash Out-of-Pocket:
$170,580
Potential ROI due to Market Value Gain:
-166%
Total Cost/Expenses:
$1,301,130
New Market Value Estimate:
$1,074,108
Set Default Potential Project Values
FAR (get Floor Area Ratio from your city planning department or use default)0.45
0.45
1st Loan (Mortgage):
$336,750
1st Loan Interest5%
5
1st Loan Downpayment25% / $112,250
25
2d Loan (Construction):
$826,875
2nd Loan Interest8%
8
2nd Loan Downpayment4% / $33,075
4
Projected Timeframe8 months
8
Market price per sqft:
$305
Price of Construction Per Square Foot (if quoted by your own contractor)$250
250
Square Footage to be built up3307 sqft
3307
Construction Cost (if quoted by your own contractor)$826,875
826875
Monthly Property Insurance$125
125
Property Tax (%)1.25%
1.25
Closing Costs per Transaction$3,000
3000
Commissions to Realtor:
$53,705
Realtor's Commissions per Transaction (%)5%
5

The Assumptions & Disclosure:
  • Parcelion ROI estimates depend on project costs, finish materials, loan(s) terms, market conditions, and do not include sales taxes, permit fees or hazardous material removal costs. The estimates should only be used for preliminary planning and should not substitute the firm quotes from qualified team of Professionals.
  • Provided sample project description, costs and value are courtesy of http://www.remodeling.hw.net/cost-vs-value/2021/
  • Completing projects may require consulting with local city or jurisdiction authorities
  • After-project property market values are calculated based on comparable properties
  • Zoning rules and regulations are collected from local cities and jurisdictions

Location

Property Details

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BESbswy