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

Investment Options

309 Vetter DR
TULARE, CA 93274

206487

Property Type:Single Family Home

Beds:3

Baths:2

Lot Size SqFt:7,847

Age:46

Zoning Code:r

Max Stories Allowed:2.50

Max Living Area Allowed:3,531

Area Available For Additions:3,531

Choose Type of Investment

Choose Potential Project

New Construction

Max levels is set to default: 2.50
Max sq. footage calculated with default far 0.45: 3,531.15

Purchase Price:

Asking Price:

$145,000

Cash Out-of-Pocket:

$85,774

Potential ROI due to Market Value Gain:

-697%

Total Cost/Expenses:

$1,042,000

New Market Value Estimate:

$470,429

Set Default Potential Project Values

FAR (get Floor Area Ratio from your city planning department or use default)0.45

1st Loan (Mortgage):

$108,750

1st Loan Interest5%

1st Loan Downpayment25% / $36,250

2d Loan (Construction):

$882,788

2nd Loan Interest8%

2nd Loan Downpayment4% / $35,312

Projected Timeframe8 months

Market price per sqft:

$123

Price of Construction Per Square Foot (if quoted by your own contractor)$250

Square Footage to be built up3531 sqft

Construction Cost (if quoted by your own contractor)$882,787

Monthly Property Insurance$125

Property Tax (%)1.25%

Closing Costs per Transaction$3,000

Commissions to Realtor:

$23,521

Realtor's Commissions per Transaction (%)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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Investment Options

309 Vetter DRTULARE, CA 93274

New Construction

Location

309 Vetter DR
TULARE, CA 93274