FixNFlip Loan

24099 Shelburne Rd.
Shaker Heights, OH 44122

Economic Breakdown

Purchase Price $120,000.00
Rehab Budget $87,005.00
Lender Fee $6,656.16
Closing Costs $1,000
Insurance Costs $1,000
Cash at Closing $41,601.00
Loan Amount $173,060.16

 

Contract Sales Price $300,125.00
6% Realtor Fee – $18,007.50
Down Payment – $41,601.00
Loan Amount – $173,060.16
13-Months Interest – $22,497.80
PROFIT: $44,958.54
ROI: 70%

 

Cleveland, Ohio Fix and Flip Loans

Learn more about how Lima One Capital serves Cleveland, Ohio real estate investors with short-term loans for rehab and resale.