Investment Opportunity in Palm Springs

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Claude Chapman
5 years ago
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Investment Opportunity in Palm Springs Palm Springs, CA 92264 Opportunity for a fix and flip

1 Investment Opportunity in Palm Springs Palm Springs, CA Opportunity for a fix and flip project involving a single family residence on a corner lot, next to a charter school. Luxurious home with tons of potential. Be part of a the project that restores beauty and elegance to this stylish Palm Springs property. Exclusively Presented By: Bocaw Circle Temecula

MARKETING SHEET (FLIP EXIT) Profits and Palm Trees Property City, State, ZIP: Palm Springs, CA 92264 Bedrooms: 3 Baths: 2 SqFt: 1250 Built: 1987 Notes: 12,632 square foot lot

Work Needed: Upgraded flooring (new carpet), upgraded bathrooms, upgraded kitchen, new bathroom fixtures, new doors, landscaping restored, new paint inside, power wash driveways

Financed Total Cash Commited % of ARV 550,000.00 300,000.00 54.55% 79,000.00 14.36% 7,500.00 1.36% 24,517.72 4.46% 411,017.72 74.73% 326,121.72 84,896.

2 MARKETING SHEET (FLIP EXIT) Profits and Palm Trees Property City, State, ZIP: Palm Springs, CA Bedrooms: 3 Baths: 2 SqFt: 1250 Built: 1987 Notes: 12,632 square foot lot Presented by: Project Description: This home needs to be upgraded to be in par with the other properties in this desirable Palm Springs community. Work Needed: Upgraded flooring (new carpet), upgraded bathrooms, upgraded kitchen, new bathroom fixtures, new doors, landscaping restored, new paint inside, power wash driveways PURCHASE/REHAB ASSUMPTIONS After-Repair Value (ARV) Purchase Price (Offer Price) Rehab Costs Total Holding and Closing Total Financing Costs Total Project Cost Basis Total Amount Financed Total Cash Commited % of ARV 550, , % 79, % 7, % 24, % 411, % 326, , PROJECTED RESULTS Projected Resale Price Projected Cost of Sale Flip Profit ROI Timeline Assumptions Time to Complete Sale Total Time 550, , , % Annualized ROI % Time to Complete Rehab 2 Months 3 Months 5 Months

3 CASH FLOW SUMMARY (FLIP EXIT) Camino San Miguel, Palm Springs Palm Springs, CA Purchase Purchase Closing Costs Month Orig/Disc Points and Loan Closing Costs Holding Costs Rehab Draws/Expenses Interest (Paid or Accrued) Total Cash Spent in Period Cumulative Cost Basis Sale Price Selling Costs (300,000) (4,500) () (79,000) (84,896) (392,596) (3,013) (3,019) (3,025) (3,031) (3,036) (396,209) (399,857) (403,541) (407,261) (411,018) 550,000 (38,500) Flip Profit to Investor (Pre-Tax) Total Cash Committed Return on Cash Investment (annualized) 100,482 84, %

PRIVATE LENDER FUNDING REQUEST (FLIP EXIT) Smart Decisions, Huge Profits Property City, State, ZIP: Palm Springs, CA 92264 Bedrooms: 3 Baths: 2 SqFt: 1250 Built: 1987 Notes: 12,632 square foot lot

4 PRIVATE LENDER FUNDING REQUEST (FLIP EXIT) Smart Decisions, Huge Profits Property City, State, ZIP: Palm Springs, CA Bedrooms: 3 Baths: 2 SqFt: 1250 Built: 1987 Notes: 12,632 square foot lot Presented by: PURCHASE/LOAN ASSUMPTIONS After-Repair Value (ARV) Purchase Price Rehab Costs Closing/Holding Costs Total Funds Needed: Points/Interest (Deferred) Total Loan Amount % of ARV 550, , % 79, % 7, % 310, % 15, % 326, % Timeline Assumptions: Time to Complete Rehab Time to Complete Sale Total Time: 2 Months 3 Months 5 Months Points Offered to Lender Interest Rate Offered to Lender 3.00% 11.75% Project Description: Other Notes: This home needs to be upgraded to be in par with the other properties in this desirable Palm Springs community. Property in escrow, we close in less than two weeks. PROJECTED FINANCIAL RESULTS FOR LENDER: Total Interest Income 15,422 Points, Fees Total Income to Lender Cash-on-Cash Return (annualized) Internal Rate of Return (annualized) 24, % 20.76%

5 Points Offered to Lender: Interest Rate Offered to Lender: CASH FLOW TO LENDER (FLIP EXIT) Camino San Miguel, Palm Springs Palm Springs, CA % 11.75% Total Interest Income: Points, Fees: 15,422 Total Amount Funded By Lender: Total Loan Amount (inc deferred): 310, ,122 Total: Cash-on-Cash Return (annual): IRR (annualized): 24, % 20.76% Month Purchase Purchase Closing Costs Funded (240,000) (4,500) Holding Costs Funded Origination/Discount Points Rehab Draws (63,200) Interest on Loan (Paid) Interest on Loan (Deferred) 2,394 2,400 2,406 2,412 2,418 Interest on Draws (Paid) Interest on Draws (Deferred) Total Loan Balance Payback of the Loan (307,700) (311,313) (314,961) (318,645) (322,365) (326,122) 326,122 Cashflows Out (307,700) Cashflows In Net (298,604) 326, ,522

COMPARABLE SALES REPORT Average Comparable $460,250 Property City, State, ZIP: Palm

CA 92264 3881 E Camino San Miguel PALM SPRINGS CA 92264 689 S El Cielo Rd PALM

6 COMPARABLE SALES REPORT Average Comparable $460,250 Property City, State, ZIP: Palm Springs, CA Bedrooms: 3 Baths: 2 SqFt: 1250 Built: 1987 Notes: Distance within 0.8 miles Presented by: E Camino San Miguel PALM SPRINGS CA S Mountain View Dr PALM SPRINGS CA E Camino San Miguel PALM SPRINGS CA S El Cielo Rd PALM SPRINGS CA Beds Baths Sq.Ft. Date Sold Sales Price $/Sq.Ft. Notes 3 2 1,493 11/30/ , ,660 7/13/ , ,152 12/15/ ,000 Distance 0.2 miles Distance 0.3 miles Distance 0.1 miles 3 2 1,750 2/20/ , Distance 0.8 miles Comp #1 Comp #2 Comp #3 Comp #4

PROJECT SUMMARY. 316 E. 23rd Street PROJECT SUMMARY - FLIP

PROJECT SUMMARY. 316 E. 23rd Street PROJECT SUMMARY - FLIP PROJECT SUMMARY PROJECT SUMMARY - FLIP PURCHASE/REHAB ASSUMPTIONS Purchase Price Rehab Cost Total Holding and Closing Costs (not inc. Sale) Total Financing Costs Total Project Cost Basis Total Amount Financed