Apr 18 (edited) • Wins
Deal Breakdown - Upstate SC - April 2025
We wrapped up another one this week - a straight forward bread and butter wrap with seller finance
SFR - 3BR/2BA - 1288SF on a small city lot
PP: $84,000
Rehab: $40,000
Private Lender Loan: $125,000 plus 2pts, 2 yr term with option to extend 2 yrs
This was listed on the MLS. I ran my #'s and made my offer. It took 8 weeks but the sellers eventually came down to my price.
Sale Price: $199,900
Down Pay: $25,000
Seller Finance: $174,900 @ 10% for 360 months
Monthly Pay: $1,535
Cash Now: $25,000
Cash Flow: $260
Note Equity: $47,500
If this was a pure flip, we'd expect a retail sale at $185k and a net profit around $33k.
The lifetime value of this deal will be:
Down Pay: $25,000
Cash Flow: $6,240
Proceeds Note Sale: $21,000 (Note Balance Discounted to 12% Yield)
Total Proceeds over 2 years - $52,000
The note sale at a discount is a loss which also reduces our basis for capital gains
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Deal Breakdown - Upstate SC - April 2025
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