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

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Investment Options


240854
Property Type:Single Family Home
Beds:3
Baths:3
Lot Size SqFt:5,481
Stories:1
Age:107
Zoning Code:R1-8
Max Stories Allowed:2.50
Max Living Area Allowed:2,466
Area Available For Additions:2,466

Max levels is set to default: 2.50
Max sq. footage calculated with default far 0.45: 2,466.45
Purchase Price:
Asking Price:
$1,148,900
Cash Out-of-Pocket:
$362,045
Potential ROI due to Market Value Gain:
130%
Total Cost/Expenses:
$1,815,668
New Market Value Estimate:
$3,766,102
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):
$861,675
1st Loan Interest5%
5
1st Loan Downpayment25% / $287,225
25
2d Loan (Construction):
$616,613
2nd Loan Interest8%
8
2nd Loan Downpayment4% / $24,665
4
Projected Timeframe8 months
8
Market price per sqft:
$1,458
Price of Construction Per Square Foot (if quoted by your own contractor)$250
250
Square Footage to be built up2466 sqft
2466
Construction Cost (if quoted by your own contractor)$616,612
616612
Monthly Property Insurance$125
125
Property Tax (%)1.25%
1.25
Closing Costs per Transaction$3,000
3000
Commissions to Realtor:
$188,305
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

BESbswy