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492 Szost Drive Farifield, CT 06825

492 Szost Drive Farifield, CT 06825. Objective.

vernon-stafford
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492 Szost Drive Farifield, CT 06825

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  1. 492 Szost Drive Farifield, CT 06825

  2. Objective Total rehab of property including new windows, new furnace-duct work and AC, new kitchen, new bath, sand and refinish all HW, internal paint, power wash exterior, new roof, upgrade electric and plumbing as well as new appliances. New addition to add bedroom and full bath to include rear dormer and front doghouse dormers. Landscape property.

  3. COMP SALES REVIEW

  4. Scope of Work (Budgeted) Landscaping - $5000 actual $1650 Dumpsters - $1000 (2 30 yard) Roof - $6000 replace Siding - $1000 (power wash) Windows - $1800 (9 total) Foundation - $500 point & paint Basement - $500 Clean Up Sheetrock - $13500 demo/replace 4500 sf Interior Paint - $2500 Carpet - see adjustment S&R HW - see adjustment Kitchen - $7000 (complete remodel) Bath (2) - $3500 each complete remodel Addition - $19000 rear dormer & fr doghouse HVAC - $13000 remove/replace (quoted 10.9) Electric - $3000 Plumbing - $3000 Appliances - $1850 Adjustment - $4350 Total - $90000

  5. Work Already Completed • Interior Demolition • Initial Landscaping • Windows Ordered • HVAC In Process • A2 Land Survey Complete 9-24 • Building Permits Received

  6. Other Option • Extended footprint addition adding square footage (scope of work and quote available) • Estimated rehab $132,500 • Projected ARV $525,000 • Projected profit $64,000 • Projected ROI 13.9% • Estimated timeline 3 months

  7. Projected PNL ARV $449.9 Purch $285.0 Rehab $ 90.0 Closing $ 5.4 Holding $ 6.8 Selling $22.5 ----------------------- B/E $409.7 Profit $ 40.2 ROI 10.4%

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