1. Repair Estimator
Address: Vacant: Date: 1/9/17
Bed: Bath: 2 Sq Ft: 2,643 Inspected By:
Y/N # Unit Cost Total
Roof * sf $4.00
sf $2.50
sf $2.00
ea $900.00
ea $600.00
sf $0.35
sf $0.20
lf $3.00
lf $4.00
Gutters sf $0.50
lf $6.00
Finish sf $0.75
sf $7.00
sf $6.00
sf $2.25
sf $7.00
sf $2.50
ls $500.00
sf $0.75
Masonry ls $5,000.00
sf $6.00
sf $18.00
sf $11.50
sf $3.50
sf $0.75
Painting 800 sf $2.00 $1,600
sf $1.00
lf $1.65
sf $1.75
sf $1.00
sf $1.00
Windows ea $250.00
ea $450.00
ea $850.00
2959 SKY WAY DR, MEMPHIS, TN 38127 Yes
4 TDCNI
* Additional Mediator/Engineer/Pro Quotes Needed:
EXTERIOR
Roof repair/patch (hard)
Roof repair/patch (easy)
Premium for 3 layer tear off
Premium for steep pitched roof
Fascia - demo & install new
Soffit - demo & install new
Category Repair Type
Roof (rip and replace) - architectural shingle
Possible additional Inspections,
Quotes or Mediation needed
Rollover (add a layer of shingles) - architectural shingle
Roof Sheathing - plywood 1/2" remove & install
Fiber cement siding
Plywood panel siding
Patch an exterior section
Power wash exterior finish
Fireplace/chimney, brick/stone - replace existing
Concrete block
Gutters & downspouts - demo & install new (Flat Cost)
Gutters & downspouts - demo & install new (linear foot)
Demo existing finishing material
Stucco
Wood siding
Vinyl siding
Paint trim only
Sand & refinish deck or paint deck
Paint fence
Paint detached garage
Windows, vinyl, average size
Windows, wood, restore existing wood (historical)
Stone
Brick
Tuckpoint brick
Power wash exterior masonry
Painting both exterior & interior (whole property)
Painting exterior only
Window, large bay window - remove & replace
Mold Permit Check Pool Roof Septic System Sewer to Street Soil Well
Asbestos Buried Oil Tank Fire Damage Foundation/Structural Historical Home Lead Paint
ea = each | lf = linear feet | ls = lump sum | sf = square feet | sy = square yards Page 2
2. Y/N # Unit Cost Total
ea $775.00
ea $1,000.00
ea $225.00
sf $4.00
sf $30.00
ls $5,000.00
ls $3,500.00
ls $2,000.00
1 ls $500.00 $500
ea $500.00
ea $130.00
sf $2.00
sf $7.00
sf $4.00
sf $2.00
ea $3,000.00
ea $2,000.00
sf $15.00
sf $19.00
sf $7.00
sf $2.00
lf $20.00
lf $40.00
ea $2,500.00
ea $2,000.00
lf $15.00
lf $45.00
lf $8.00
ea $10,000.00
ea $4,500.00
ea $15,000.00
ea $5,500.00
ea $3,000.00
Garage Door Only - 2 Car - 16' door, manual
Garage Door Opener Installed
Reroof detached garage (rip & replace)
EXTERIOR (cont.)
Category Repair Type
Garage Garage Door Only - 1 Car - 9'x7' door, manual
Full landscaping makeover small lot
Clean up landscaping & yard only
Tree removal (per tree)
Build new detached garage
Landscaping Full landscaping makeover large lot
Full landscaping makeover medium lot
Asphalt installed in driveway
Gravel installed for driveway/sidewalk
Decks New deck 15'x15' (add permit if 30" off ground)
Tree Planting (per tree)
Concrete/Asphalt Demo existing concrete or asphalt
Concrete installed for driveway/patio/sidewalk
Decking material replacement only
Sand & refinish deck only
New railings - wood
New deck 10'x10'
New deck - treated lumber
New deck - cedar material
Fence Wood fencing
Wrought iron fencing
Chain-link fence
New railings - metal
Pergola New pergola canopy 15'x15'
New pergola canopy 10'x10'
Possible additional Inspections,
Quotes or Mediation needed
Septic (new tank only)
Septic (replace leach field only)
Exterior Notes
This Property is in Very Good Condition and need minumal work done on the Exterior of Property.
We will Clean the Yard and make changes available to the New Owner. It will be Attractive with the
Pool * Pool Completely Redone ($10k to $15k)
Possible add'l Inspections needed Pool (redo plaster only)
Septic * Septic (all new system)
Landscape made available. Dirk.
ea = each | lf = linear feet | ls = lump sum | sf = square feet | sy = square yards Page 3
3. Y/N # Unit Cost Total
sf $1.00
sf $0.50
sf $7.00
sf $6.00
sf $4.00
sf $2.00
48 sf $1.35 $65
sf $2.00
25 sf $10.00 $250
10 sf $15.00 $150
sf $8.00
sf $9.00
sf $16.00
sf $8.00
ea $12,500.00
ea $10,500.00
1 ea $8,500.00 $8,500
ea $6,500.00
ea $500.00
ea $12,000.00
ea $7,000.00
ea $4,500.00
ea $2,000.00
lf $185.00
sf $65.00
ea $350.00
ea $350.00
ea $250.00
ea $1,200.00
ea $850.00
ea $400.00
ea $600.00
ea $350.00
ea $9,000.00
ea $5,500.00
ea $3,000.00
2 ea $700.00 $1,400
2 ea $150.00 $300
2 ea $75.00 $150
2 ea $125.00 $250
2 ea $150.00 $300
2 ea $200.00 $400
ea $450.00
ea $500.00
INTERIOR
Category Repair Type
Painting Interior painting only
Laminate hardwood flooring
Sand & refinish existing hardwood flooring
Carpet / Vinyl Carpet
Add extra wall prep (damaged walls)
Hardwood Hardwood flooring - solid wood
Engineered hardwood flooring
Ceramic floor tile - in bathrooms
Shower wall tile - in bathrooms (70 sf usually)
Shower accent wall tile - in bathrooms
Vinyl or linoleum flooring
Tiling Ceramic floor tile - in kitchen
Backsplash wall tile - in kitchen
Appliances - (Grouped) Luxury home appliances
Includes: Refrigerator, range,
range hood, dishwasher,
microwave
High end home appliances
Median price home appliances
Low end home appliances
Ceramic floor tile - other areas of house
Kitchen - (Grouped) High end kitchen
Includes: cabinets, counter-tops,
backsplash, plumbing & electrical
work & fixtures in kitchen only.
Excludes: appliances, flooring,
paint.
Median kitchen
Low end kitchen
Low end kitchen - refinish existing cabinets
Kitchen extra custom items
Sink Faucet
Garbage Disposal
Refrigerator
Kitchen - (By Item) Cabinets
Countertops
Sink
Microwave
Bathroom - (Grouped) Large master bath - replace everything
Includes: vanity, counter-top, mirror,
sink, faucet, tub, surround, shower-
head & faucet kit, towel bar kit fan,
lighting kit, basic plumbing & electrical
work. Excludes flooring & paint
Full bath - replace everything
Half bath - replace everything
Range
Range Hood
Dishwasher
Sink
Sink Faucet
Toilet
Bathroom - (By Item) Vanity cabinet
Vanity countertop - granite or other hard surface
Vanity mirror
Bathtub - fiberglass
Bathtub & shower surround - fiberglass
ea = each | lf = linear feet | ls = lump sum | sf = square feet | sy = square yards Page 4
4. ea $400.00
2 ea $210.00 $420
2 ea $75.00 $150
Y/N # Unit Cost Total
sf $30.00
Interior framing changes (non load barring) sf $15.00
ea $1,500.00
sf $1.85
sf $1.00
sf $1.25
sf $0.80
sf $6.00
sf $2.50
sf $4.00
sf $1.00
ea $500.00
ea $4,000.00
ea $2,000.00
ea $175.00
ea $175.00
ea $150.00
ea $700.00
ea $850.00
lf $3.75
lf $2.75
lf $17.50
sy $175.00
ea $250.00
ea $1,000.00
sf $125.00
ea $500.00
ea $1,000.00
lf $20.00
lf $10.00
lf $30.00
sf $4.00
lf $100.00
ea $10,000.00
ea $500.00
ea $500.00
ea $850.00
Showerhead & faucet kit
Bathroom towel bar kit
INTERIOR (cont.)
Category Repair Type
Shower stall & surround - fiberglass
Insulation Wall insulation
Floor insulation
Attic insulation, blown-in
Framing New construction framing- (includes walls, floors & roof)
Open load bearing/structural wall
Subfloor put in (3/4" plywood)
Skimcoating/texturing walls and ceilings only
Patchwork section of a wall - (drywall, tape, & finish)
Doors & Trim New interior doors, closet doors, hardware, & trim (3000 sq ft house)
Walls Drywall, tape & skimcoat walls/ceilings in gutted house
Drywall, tape, & skimcoat a wall (1/2" thick)
Drywall, tape, & skimcoat a ceiling (1/2" thick)
Exterior front door - single door w/ hardware & dead bolt
Exterior french patio door - double door
Exterior sliding glass door - double door
New interior doors, closet doors, hardware, & trim (1500 sq ft house)
Interior door - prehung hollow-core door
Interior sliding closet door
Basement Pour concrete floor in basement
Seal basement
Install sump pump
Crown molding
New baseboard trim
Raised panel wood wainscoting
Foundation * Excavation - dig footing trenching
Possible additional Inspections,
Quotes or Mediation needed
Excavation - backfill of trenches
New foundation - pour concrete footing
New foundation - pour concrete slab on grade (4" thick)
Install french drains (estimate depending on condition - L x W)
Reframe support beam
Replace stairs
Repair existing foundation - bowing walls support with I beams
Repair existing foundation - settled walls support w/piers
Interior Notes
This Property needs Updates to both the Kitchen and Bathrooms… These Updating Changes will Modernate
New foundation - pour stem wall for single story house
Repair existing foundation - ($10k min - get quote)
Repair existing foundation - stair mud jacking (will vary)
the Property for an Increase in the ARV. Solid Property in very Quiet Retired Neighborhood.
ea = each | lf = linear feet | ls = lump sum | sf = square feet | sy = square yards Page 5
5. Y/N # Unit Cost Total
ea $6,000.00
ea $4,000.00
ea $1,700.00
ea $2,000.00
ea $2,300.00
ea $6,500.00
ea $3,000.00
ea $600.00
ea $500.00
ea $7,000.00
ea $1,500.00
ea $600.00
ea $7,000.00
ea $3,000.00
ea $2,000.00
ea $2,000.00
Y/N # Unit Cost Total
ea $500.00
ea $500.00
ls $1,000.00
ls $2,000.00
ls $1,500.00
ea $1,500.00
ea $5,000.00
ea $600.00
ea $750.00
ea $1,500.00
ea $5,000.00
ea $600.00
2 $1,000.00 $2,000
Repairs Subtotal
ea $2,000.00
% $16,434.80
Total Repairs
Category Repair Type
HVAC Gas fired forced hot air heating system, ac system, & ductwork
Gas fired forced hot air heating system & ductwork
MECHANICALS
Replace boiler & hot water baseboard system
Replace boiler unit only
Wall heater (install new or remove & replace)
Gas fired forced hot air unit only
Air conditioning unit only
Replace forced air ductwork only
Replace gas hot water heater - 40 gallon
Electrical Rewire entire house, new panel, & lighting fixtures (1,500 sqft)
Basic electrical work for house & lighting fixtures (1500 sq. ft)
Service heating & cooling system only
Plumbing New plumbing system in entire house (1,500 sq. ft 3/2 house)
Replace tankless hot water heater
Demo & Dumpsters Demolition work (cost to fill one 40 yd dumpster)
Dumpster rental (40 yard)
Termites/Abatement * Termite fumigation & treatment
Replace electrical panel only
Replace all lighting fixtures only (1500 sq. ft. house)
OTHER
Category Repair Type
Construction permits over the counter
Construction permits for full submittal (county)
Construction permits for addition (county)
Possible additional Inspections,
Quotes or Mediation needed
Mold removal & abatement - minimum
Asbestos removal & abatement - minimum
Permits * Construction permits for remodel (city)
Possible additional Inspections,
Quotes or Mediation needed
Construction permits for addition (city)
Construction permits for deck (city)
$16,435
Staging Staging (Kitchen, Baths, Living Room & 1 Bedroom)
Contingency Misc Contingency Cost (10-20% depending on unknowns)
Construction permits for deck (county)
Extra
Note: add anything that is not
currently on the sheet
$16,435
ea = each | lf = linear feet | ls = lump sum | sf = square feet | sy = square yards Page 6
6. Exterior Repairs $2,100
Interior Repairs $12,335
$16,435Total Repairs After Repair Value
* Pricing will vary based on what type of contractors you get quotes back from. Prices will also vary based on the type materials (low end/high end) you ultimately choose to
install. As you start to regularly work with certain contractors you will want to update this repair estimator twice a year based on who you work with and what prices you are
able to negotiate. You always want to negotiate quotes you get back and shoot for wholesale pricing.
$110,000
COST ESTIMATES
Mechanical Repairs
Other Repairs $2,000
ea = each | lf = linear feet | ls = lump sum | sf = square feet | sy = square yards Page 7
7. Investment Summary
ARV:
Beds: Baths: Sq Ft:
Closing Date:
Loan Amt Requested:
Term:
Exit Strategy:
Sources of Funds Amount % Uses of Funds Amount %
1st Lien Mortgage $78,435 92.6% Purchase Price $62,000 73.2%
2nd Lien Mortgage (Seller/Private) Closing Costs $3,124 3.7%
Equity (Borrower's Cash) $6,239 7.4% Hard Costs $16,435 19.4%
Financing $1,569 1.9%
Soft Costs (Carry Costs) $1,546 1.8%
Total Sources $84,674 100.0% Total Uses $84,674 100.0%
Type Bed Bath Size (SF) Land Year Built Distance
SF 3 2 1,906 0.35 1958 0.23 miles
Parking List Date List Price Sold Date Sold Price PSF DOM
2 Car Garage 1/15/2016 $91,900 3/22/2016 $91,900 $48 68 days
Type Bed Bath Size (SF) Land Year Built Distance
SF 4 2 2,430 0.29 1966 0.65 miles
Parking List Date List Price Sold Date Sold Price PSF DOM
2 Car Garage 5/12/2016 $108,000 10/18/2016 $107,000 $44 23 days
Type Bed Bath Size (SF) Land Year Built Distance
SF 3 2 2,034 0.25 1962 1.2 miles
Parking List Date List Price Sold Date Sold Price PSF DOM
2 Car Port 4/1/2016 $97,200 8/1/2016 $97,200 $48 82 days
Tax Assessor Card
Map with Comps
Construction Budget / Property Inspection
Deal Analyzer
Photos - Interior/Exterior
3038 Carnoustie Cv., Memphis, TN 38128
2999 Dumbarton Rd., Memphis, TN 38128
Street Address
Street Address
Street Address
Attachments
4 2 2,643
$110,0002959 SKY WAY DR, MEMPHIS, TN 38127Property Address:
Comparables
Sources & Uses
Executive Summary
May 5, 2017
Sell to Retail Buyer
$78,435.00
4 months
This Retired Community House is in very good Condition and needs very approximately $16.5K in Repairs for ARV of $110K.
2974 E. Glengarry Rd., Memphis, TN 38128
