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

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Investment Options


242950
Property Type:Single Family Home
Beds:2
Baths:1
Lot Size SqFt:5,200
Age:76
Zoning Code:RES
Max Stories Allowed:2.50
Max Living Area Allowed:2,340
Area Available For Additions:2,340

Max levels is set to default: 2.50
Max sq. footage calculated with default far 0.45: 2,340.00
Purchase Price:
Asking Price:
$175,000
Cash Out-of-Pocket:
$80,582
Potential ROI due to Market Value Gain:
0%
Total Cost/Expenses:
$773,432
New Market Value Estimate:
$1,700,835
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):
$131,250
1st Loan Interest5%
5
1st Loan Downpayment25% / $43,750
25
2d Loan (Construction):
$585,000
2nd Loan Interest8%
8
2nd Loan Downpayment4% / $23,400
4
Projected Timeframe8 months
8
Market price per sqft:
$666
Price of Construction Per Square Foot (if quoted by your own contractor)$250
250
Square Footage to be built up2340 sqft
2340
Construction Cost (if quoted by your own contractor)$585,000
585000
Monthly Property Insurance$125
125
Property Tax (%)1.25%
1.25
Closing Costs per Transaction$3,000
3000
Commissions to Realtor:
$85,042
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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