Woodbridge Rehab Opportunity

Cloud CMA

INVESTMENT OPPORTUNITY REPORT

2262 W Longview Dr, Woodbridge, VA 22191

PREPARED FOR

Investor ReportJANUARY 12, 2016

Marc Cormier | Tania Ivey Real Estate Group Inc powered by Keller Williams | Mobile: 301 660-6272 |[email protected] | www.Help2ownaHome.Com | marccormier.me | BRE number: 144128

PROJECT SUMMARY

200,000.0060,000.0011,729.67

-

271,729.67-

Purchase PriceRehab CostTotal Holding and Closing Costs (not inc.

Total Project Cost BasisTotal Amount Financed

Flip Profit

325,000.00

ROI 11.23%

Projected Cost of Sale30,520.3322,750.00

Projected Resale PriceRESULTS

PURCHASE/REHAB ASSUMPTIONS

22.46%Annualized ROI

271,729.67Total Cash Committed

Total Financing Costs

W. Longview

Breakdown of Financing Costs:Origination/Discount PointsOther Closing Costs for LoanInterest on Original LoanInterest on Rehab MoneyTotal Cost of Financing -

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PROJECT SUMMARY - FLIP

D

A

E

C

J=G-H-E-F-I

B

F

GH

(A+B+C+D) = (E+F)

J/F

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CASH FLOW SUMMARY (FLIP EXIT)

Month 0 3 4 5 6 7 821PurchasePurchase Closing CostsOrig/Disc Points and Loan ClosingHolding CostsRehab Draws/ExpensesInterest (Paid or Accrued)Total Cash Spent in PeriodCumulative Cost BasisSale PriceSelling Costs

Flip Profit to Investor (Pre-Tax)Total Cash Committed

(200,000)(8,880)

(475)(475) (475) (475)(475)(475)(60,000)

(475)(268,880)(269,830)

(475)(269,355) (271,255)

(475)(271,730)

(475)(270,780)(270,305)

(475) (475)(268,880)

325,000(22,750)

30,520

271,73022.46%

2261 W. Longview DrWoodbridge, VA 22191 703-564-4026

Keller Williams Metro-CenterMarc Cormier

Return on Cash Investment


ADDITIONAL PICTURES


INTROCloud CMA

MAP OF ALL LISTINGS

MLS # Status Address Price0 Subject 2262 W Longview Dr, Woodbridge, VA 221911 PW8606316 S 2057 LONGVIEW DR W $315,0002 PW8748727 S 2228 MONTGOMERY AVE $319,0003 PW8658966 S 2201 MADISON CT $285,0004 PW8693279 S 14402 CHAMBERLAIN PL $265,5005 PW8749866 S 2229 GRUNDY RD $305,0006 PW8717976 S 14400 CHAMBERLAIN PL $287,5007 PW8764348 S 14131 ESSEX DR $325,0008 PW9542643 P 14396 ORANGE CT $299,9009 PW9507484 P 14302 CHESTERFIELD DR $200,000

10 PW9511319 A 2218 LONGVIEW DR $299,000


Status: S = Closed, P = Pending, A = Active


INTROCloud CMA

SUMMARY OF COMPARABLE PROPERTIES

Sold Listings

Address Beds Baths YrBlt SqFt ListPriceSoldPrice

SoldDate

2057 LONGVIEW DR W 3 2/1 2010 2,242 $329,900 $315,000 8/10/152228 MONTGOMERYAVE 5 3/0 1965 2,147 $319,000 $319,000 12/17/15

2201 MADISON CT 5 2/1 1964 1,863 $285,000 $285,000 7/17/1514402 CHAMBERLAIN PL 4 1/1 1964 936 $259,000 $265,500 8/17/152229 GRUNDY RD 4 3/0 1986 2,364 $295,000 $305,000 10/27/1514400 CHAMBERLAIN PL 4 2/1 1965 1,224 $300,000 $287,500 9/14/1514131 ESSEX DR 5 3/0 1964 1,170 $325,000 $325,000 10/29/15

Averages 1,706 $301,843 $300,286

Pending Listings

Address Beds Baths YrBlt SqFt ListPriceSoldPrice

SoldDate

14396 ORANGE CT 4 3/0 1969 2,257 $299,900 2/15/1614302 CHESTERFIELDDR 4 2/0 1965 1,770 $200,000 1/22/16

Averages 2,013 $249,950

Active Listings

Address Beds Baths YrBlt SqFt List Price Sold Price Sold Date2218 LONGVIEW DR 5 3/0 1966 1,144 $299,000

Averages 1,144 $299,000


MLS #PW8606316

S

Cloud CMA

PROPERTY DETAILS

$315,0002057 LONGVIEW DR W, Woodbridge

Courtesy of @home real estateListing informationMLS#: PW8606316 Beds: 3 Sq Ft: 2,242 Sold Date: 8/10/15Status: Closed Baths: 2/1 Year Built: 2010 DOM: 82

FeaturesTax Ttl Living Area: 1176 Lot Size: 14266 Parking: Drvwy/Off Str, Paved Driveway, Street,Asphalt Driveway Basement: Full, Fully Finished, Heated, Outside Entrance Attic: Yes Pool: NoNew Construction: N Heating: Forced Air Water Heater: Natural Gas Cooling: Central AirConditioning Water: Public Roof: Shingle - Architectural, Composite Structure: Above Grade,Below Grade Zoning: R4 Seller Subsidy: 9450.0 Vacation Home: N Waterfront: N

RemarksBeautiful open floor plan in your very own dollhouse! Spacious family room, sunroom, and masterbedroom all located on the main level! Fully finished walk out basement is filled with sunlight andprovides 2 more bedrooms! Unfinished attic stretches entire house with electrical and plumbing readyfor your choice finishes! Plenty of parking. Just minutes to hospital, dining, Potomac Mils and I-95!

Source: MRISInformation is deemed reliable but not guaranteed.


MLS #PW8606316

S

Cloud CMA

LISTING PHOTOS

$315,0002057 LONGVIEW DR W, Woodbridge


MLS #PW8748727

S

Cloud CMA

PROPERTY DETAILS

$319,0002228 MONTGOMERY AVE, Woodbridge

Courtesy of Coldwell Banker Residential BrokerageListing informationMLS#: PW8748727 Beds: 5 Sq Ft: 2,147 Sold Date: 12/17/15Status: Closed Baths: 3/0 Year Built: 1965 DOM: 41

FeaturesTax Ttl Living Area: 1144 Lot Size: 17424 Parking: Covered Parking, Garage, Free, PavedDriveway, Street, Attached, Concrete Driveway Garage: 2 Basement: Connecting Stairway,Daylight, Full, Full, Rear Entrance, Walkout Stairs, Windows Attic: No Pool: No NewConstruction: N Heating: Heat Pump(s) Water Heater: Natural Gas Cooling: Heat Pump(s),Ceiling Fan(s), Central Air Conditioning Water: Public Structure: Above Grade, Below GradeZoning: R4 Seller Subsidy: 10500.0 Vacation Home: N Waterfront: N

RemarksTotally remodeled w/ new kitchen, carpet, tile floors, roof -- 2 car garage. 5 bedrooms, 3 full baths (allnew floors). Large family room w/ floor to ceiling raised hearth brick fireplace w/ wood storage.Painted inside & out. Close to Sentara Potomac Hospital, the shopping and dining at Stonebridge, &Potomac Mills. Easy access to I-95.



MLS #PW8748727

S

Cloud CMA

LISTING PHOTOS

$319,0002228 MONTGOMERY AVE, Woodbridge


MLS #PW8658966

S

Cloud CMA

PROPERTY DETAILS

$285,0002201 MADISON CT, Woodbridge

Courtesy of Fairfax Realty, Inc.Listing informationMLS#: PW8658966 Beds: 5 Sq Ft: 1,863 Sold Date: 7/17/15Status: Closed Baths: 2/1 Year Built: 1964 DOM: 3

FeaturesTax Ttl Living Area: 1107 Lot Size: 15599 Parking: Drvwy/Off Str Basement: Walkout Stairs,Fully Finished Attic: No Pool: No Exterior: Deck New Construction: N Heating: Hot Water,Programmable Thermostat, Hydronic Radiant Floors, Baseboard Water Heater: Natural GasCooling: Central Air Conditioning Water: Public Structure: Above Grade, Below Grade Zoning:R4 Seller Subsidy: 8500.0 Vacation Home: N Waterfront: N Amenities: Fireplace Screen,Washer / Dryer Hookup Fireplaces: 1 Stories: 2 Local Status: SOLD

RemarksExcellent condition 5 bed rm home in cul-de-sec Recent upgrades (Air conditioner 1yrs, Heater 2yrs,Secure system installed), Custom built shed &spaces covered deck in rear ,Fresh paint, new carpet,separate dining room, New & large drive way, Family room in basement w/fireplace & full bath,Refinished main level wood floor, new ceiling fans, Copper electrical wiring. Easy to access I 95 &RT1.



MLS #PW8658966

S

Cloud CMA

LISTING PHOTOS

$285,0002201 MADISON CT, Woodbridge


MLS #PW8693279

S

Cloud CMA

PROPERTY DETAILS

$265,50014402 CHAMBERLAIN PL, Woodbridge

Courtesy of Century 21 New MillenniumListing informationMLS#: PW8693279 Beds: 4 Sq Ft: 936 Sold Date: 8/17/15Status: Closed Baths: 1/1 Year Built: 1964 DOM: 3

FeaturesTax Ttl Living Area: 936 Lot Size: 11304 Parking: Drvwy/Off Str, Garage Garage: 1Basement: Full, Fully Finished Attic: Yes Pool: No New Construction: N Heating: BaseboardWater Heater: Natural Gas Cooling: Ceiling Fan(s), Central Air Conditioning, Window Unit(s)Water: Public Structure: Shed Zoning: R4 Seller Subsidy: 7993.29 Vacation Home: NWaterfront: N Amenities: Attic - Access Only, Bathroom(s) - Ceramic Tile, Bedroom - Entry Level,Drapery Rods, Home Warranty, Shades / Blinds, Wood Floors Fireplaces: 0 Stories: 2 LocalStatus: SOLD

RemarksCharming raised rambler with some updates, to include the kitchen, stainless appliances, Frenchdoors with blinds, central a/c, programmable window a/c, home also features 1 car garage, hardwoodfloors, blinds on all windows, large finished lower level with rec room & 4th bedroom, half bath, largeunfinished utility/storage room, full brick home, deck, patio, large treed fenced yard and much more.



MLS #PW8693279

S

Cloud CMA

LISTING PHOTOS



MLS #PW8749866

S

Cloud CMA

PROPERTY DETAILS

$305,0002229 GRUNDY RD, Woodbridge

Courtesy of Keller Williams Fairfax GatewayListing informationMLS#: PW8749866 Beds: 4 Sq Ft: 2,364 Sold Date: 10/27/15Status: Closed Baths: 3/0 Year Built: 1986 DOM: 7

FeaturesTax Ttl Living Area: 1288 Lot Size: 15934 Parking: Paved Driveway Basement: Fully Finished,Outside Entrance, Daylight, Full, Walkout Level, Windows Attic: Yes Pool: No Exterior: Deck,Deck #2, Porch-front New Construction: N Heating: Forced Air Water Heater: Electric Cooling:Central Air Conditioning, Attic Fan Water: Public Structure: Above Grade, Below Grade, ShedZoning: R4 Seller Subsidy: 9358.89 Vacation Home: N Waterfront: N Amenities: Closet(s) -Walk-in, Master Bedroom - Full Bathroom, Washer / Dryer Hookup, Wood Floors, Hot Tub Inside,Home Warranty, Shades / Blinds

RemarksA GORGEOUS HOME LOCATED ON A CUL DE SAC WITHIN A GREAT NEIGHBORHOOD.Recently renovated with new windows & doors. New heating and cooling system, new hardwoodflooring, new carpets, new soft close kitchen cabinets, brand new washer & dryer. Huge Deck, perfectfor hosting family and friends. Backs to woods and a creek, great for privacy. Priced for quick sell(below recent appraisal), a must see!!!



MLS #PW8749866

S

Cloud CMA

LISTING PHOTOS

$305,0002229 GRUNDY RD, Woodbridge


MLS #PW8717976

S

Cloud CMA

PROPERTY DETAILS


Courtesy of Realty Concepts Group LLCListing informationMLS#: PW8717976 Beds: 4 Sq Ft: 1,224 Sold Date: 9/14/15Status: Closed Baths: 2/1 Year Built: 1965 DOM: 15

FeaturesTax Ttl Living Area: 1224 Lot Size: 10711 Parking: Carport Basement: Space For Rooms, FullyFinished, Connecting Stairway Attic: Yes Pool: No New Construction: N Heating: HeatPump(s) Water Heater: Natural Gas Cooling: Ceiling Fan(s), Central Air Conditioning, HeatPump(s) Water: Public Structure: Shed Zoning: R4 Seller Subsidy: 0.0 Vacation Home: NWaterfront: N Amenities: Countertop(s) - Granite Fireplaces: 0 Stories: 3 Local Status:SOLD Virtual Tour: Link Lotsize: 10711 Acres: 0.245891

RemarksCharming Renovated CAPE COD w/ Hardwood Floors & carpet in bedrooms. Heat Pump installed in2008. Amazing Open Concept Kitchen w/ New Cabinets, Granite, SS Appliances, & recess lights.Finished Walk out Basement to Patio and backyard fully fenced, large family room, half bath,laundryand a lot storage space. Location: Close to I-95, Potomac, Wegmans & more



MLS #PW8717976

S

Cloud CMA

LISTING PHOTOS



MLS #PW8764348

S

Cloud CMA

PROPERTY DETAILS

$325,00014131 ESSEX DR, Woodbridge

Courtesy of RE/MAX AllegianceListing informationMLS#: PW8764348 Beds: 5 Sq Ft: 1,170 Sold Date: 10/29/15Status: Closed Baths: 3/0 Year Built: 1964 DOM: 3

FeaturesTax Ttl Living Area: 1170 Lot Size: 9583 Parking: Drvwy/Off Str Basement: Fully FinishedAttic: No Pool: No New Construction: N Heating: Baseboard Water Heater: Natural GasCooling: Central Air Conditioning, Ceiling Fan(s) Water: Public Roof: Shingle - Asphalt Zoning:R4 Seller Subsidy: 0.0 Vacation Home: N Waterfront: N Amenities: Chair Railing, CrownMolding, Fireplace Mantel(s), Fireplace Screen, Master Bedroom - Full Bathroom, Wood Floors, Wallto Wall Carpeting Fireplaces: 1 Stories: 2 Local Status: SOLD

RemarksPopular 5 Bedroom 3 Bath Hyltonian + Addition in Sought after Marumsco Hills! Home features aLarge Light & Airy Updated Kitchen with Breakfast Room! Beautiful Hardwood Floors in DiningRoom,Living Room and 3 Bedrooms on upper Level, Updated Baths & Lots of fresh paint !Downstairs Family Room with Cozy Fireplace, Kitchenette, Huge Deck with a Large Portion Covered,Storage Shed & Fenced Yard



MLS #PW8764348

S

Cloud CMA

LISTING PHOTOS

$325,00014131 ESSEX DR, Woodbridge


MLS #PW9542643

P

Cloud CMA

PROPERTY DETAILS

$299,90014396 ORANGE CT, Woodbridge

Courtesy of RE/MAX ExecutivesListing informationMLS#: PW9542643 Beds: 4 Sq Ft: 2,257 Sold Date: 2/15/16Status: Pending Baths: 3/0 Year Built: 1969 DOM: 5

FeaturesTax Ttl Living Area: 1234 Lot Size: 11326 Parking: Drvwy/Off Str Basement: ConnectingStairway, Daylight, Full, Improved, Heated, Outside Entrance, Rear Entrance, Walkout Level,Windows Attic: Yes Pool: No Exterior: Deck, Secure Storage, Sidewalks New Construction:N Heating: Baseboard Water Heater: Natural Gas Cooling: Central Air Conditioning, CeilingFan(s) Water: Public Structure: Above Grade, Below Grade, Office/Studio, Shed, Other Zoning:R4 Vacation Home: N Waterfront: N

RemarksGorgeous Renovated 4 bedroom/3 Bath Home on cul-de-sac in Marumsco Hills with 3 additionalattached lots (Tax ids 56321,56327,56328) included in price! Beautiful Kitchen with SS Appliances,island open to dining room with French doors to large deck with ramp. Refinished Main LevelHardwood floors, fresh paint, +more access modifications, and powered shed/office on almost 2acres!



MLS #PW9542643

P

Cloud CMA

LISTING PHOTOS

$299,90014396 ORANGE CT, Woodbridge


MLS #PW9507484

P

Cloud CMA

PROPERTY DETAILS

$200,00014302 CHESTERFIELD DR, Woodbridge

Courtesy of Avery-Hess, REALTORSListing informationMLS#: PW9507484 Beds: 4 Sq Ft: 1,770 Sold Date: 1/22/16Status: Pending Baths: 2/0 Year Built: 1965 DOM: 7

FeaturesTax Ttl Living Area: 1440 Lot Size: 10019 Parking: Gravel Driveway, Carport Basement: FullyFinished, Outside Entrance, Partially Finished, Rear Entrance, Space For Rooms, Walkout StairsAttic: No Pool: No New Construction: N Heating: Baseboard Water Heater: Electric Cooling:None Water: Public Structure: Above Grade, Below Grade Zoning: R4 Vacation Home: NWaterfront: N Amenities: Wood Floors Fireplaces: 0 Stories: 3 Local Status: CONTRACTVirtual Tour: Link Lotsize: 10019 Acres: 0.230005

RemarksPLENTY of space to be had in this classic brick colonial with FOUR bedrooms PLUS a HUGE sittingroom, HUGE 12 x 23 living room, separate dining room, carport and a full basement with a slidingglass door leading to the backyard! This home is on a level lot and is close to Quantico, TheOccoquan and I-95!



MLS #PW9507484

P

Cloud CMA

LISTING PHOTOS

$200,00014302 CHESTERFIELD DR, Woodbridge


MLS #PW9511319

A

Cloud CMA

PROPERTY DETAILS

$299,0002218 LONGVIEW DR, Woodbridge

Courtesy of Coldwell Banker Residential BrokerageListing informationMLS#: PW9511319 Beds: 5 Sq Ft: 1,144 List Date: 11/14/15Status: Active Baths: 3/0 Year Built: 1966 DOM: 59

FeaturesTax Ttl Living Area: 1144 Lot Size: 10454 Parking: Drvwy/Off Str Basement: Fully FinishedAttic: Yes Pool: No Exterior: Deck, Porch-rear New Construction: N Heating: BaseboardWater Heater: Natural Gas Cooling: Ceiling Fan(s), Central Air Conditioning Water: PublicZoning: R4 Vacation Home: N Waterfront: N Fireplaces: 1 Stories: 2 Local Status: ACTIVEVirtual Tour: Link Lotsize: 10454 Acres: 0.239991

RemarksPrice to Sell. Beautiful home, Professional landscaped and maintained yard with Lawn IrrigationSystem. Hardwood floors, Beautiful level back yard with fruit trees. Large home with 5 Bedroom, 3 fullBath, Gas fireplace, newer windows, replaced roof, covered rear porch, No HOA, Close to majorhighways, restaurants, hospital and public transportation



MLS #PW9511319

A

Cloud CMA

LISTING PHOTOS

$299,0002218 LONGVIEW DR, Woodbridge


ANALYSISCloud CMA

SOLD PROPERTY ANALYSIS

Address List Price Sold Price Difference DOM $ per Sqft2057 LONGVIEW DR W $329,900 $315,000 -4.52% 82 $1402228 MONTGOMERY AVE $319,000 $319,000 0.00% 41 $1492201 MADISON CT $285,000 $285,000 0.00% 3 $15314402 CHAMBERLAIN PL $259,000 $265,500 2.51% 3 $2842229 GRUNDY RD $295,000 $305,000 3.39% 7 $12914400 CHAMBERLAIN PL $300,000 $287,500 -4.17% 15 $23514131 ESSEX DR $325,000 $325,000 0.00% 3 $278

Sold Averages $301,843 $300,286 -0.52% 22 $195


Documents

Woodbridge Rehab Opportunity