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32+% ROI Restore This Large Home To It’s Former Beauty Close To Downtown

$ 222,550 All-in
2333 Carrollton Ave, ,
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Below is the investor’s portfolio outlining the details of the property and the flip project.

We have the property under contract.

Video coming soon.

Quick Summary:

  • Purchase + Rehab + Holding (total all-in): $218,550
  • Project duration (closing to closing): 7 months
  • Projected selling price: $320,000, but all comps have much less square footage
  • Projected net profit to investor(s) (before taxes; after profit share):$44,358
  • These are projections, not guarantees


  • Answer needed: TBD
  • Signed docs: TBD
  • Submit non-refundable deposit: TBD
  • Fund project account: TBD
  • Planned purchase-closing: 6 months
  • Reno start: 6/10/17
  • Reno duration: 4 months
  • Planned listing date: 11/10/17

Your Next Steps:

  • Best to post your question below in the comment section (or email
  • Let us know if you are interested to participate.
  • Let us know which financing option (see below) is most relevant for you and approx. how much you have available.

High-level Details About Flip:

  • Offer has been accepted and is under contract.
  • The purchase price is $67,000
  • Comps in the area range from $250,000 to $350,000
  • Waiting on final rehab figures, but current estimate is $135,000 including holding costs.
  • Currently the property is under contract for a land trust and could be transferred to the buyer’s name (investor’s name) or investor/s will join as beneficiaries of the trust. 
  • Goal selling price is: $355,000
  • As always, this flip is first come, first serve.
  • All flips are eligible to be converted to long-term rentals; contact SDI for more details.


Financing/Purchasing Options:

  • You buy it solo cash / private loan.
  • We buy it using conventional financing that can finance both purchase and rehab – we have such a mortgage resource for you (we must be prepared to close with funds independent of the conventional financing and get reimbursed by lender funds).
  • We partner you up with one or more Simply Do It investor(s) using one of these methods.
  • Funds can be invested in the form of cash and retirement funds.


About Land Trusts:

It’s a way to hold real estate with much more simplicity than an entity or LLC and requires a trust agreement, beneficiaries’ agreement, appointment of trustee and appointment of director. These documents will be provided to the investor(s) who participate in this flip.


House currently features:

  • 6 bedrooms, 2 bath
  • Home was built in 1910 and is 4,925 sq. ft.
  • The house is a duplex that we convert a large single family home.
  • Currently house has 4 levels: basement, main level, 2nd floor and a usable space in attic.
  • Detached garage
  • It’s difficult to find this much square footage close to downtown.


After Renovation, the House will feature:

  • 5 bedrooms and 3.5 bathrooms, including a master bed/bath suite
  • Remodeled kitchen with new appliances
  • Newly restored hardwood throughout the home
  • Master Bedroom/Bath Suite
  • Newly remodeled loft
  • Painted exterior and new landscaping
  • House will have a beautiful open floor plan after renovation


Financial Analysis

Listed for   $79,000
Purchase Price   $67,000
Closing Costs   $2,550
Estimated Renovation & Holding   $135,000
Set-up Fees   $3,500
Finders Fee   $1,500
Prop Taxes, Insurance & Staging   $5,500
Reserve   $7,500
Est. All-in   $222,550
Target Selling date   1/1/2018
Target selling price   $315,000
Sales commission 5.0% $15,750
Sales expenses 2% $4,725
Projected Profit   $71,975
Project ROI   32%

Profit Sharing

Investor(s) 55% $39,586
Local team 21.5% $15,475
Simply Do It (Facilitator) 23.5% $16,914
Investor’s Return On Investment (ROI)   17.79%
Duration (months)   7
Annualized ROI   30%







Status               Price                 Address                                        Bed/Bath Sqft Yr Basement

Sold $250,000   2030 North COLLEGE Indianapolis 4 3   1,712 2008 No    
    Sold $290,000   621 East 24th Street Indianapolis 3 3   2,644 1926 Yes    
    Sold $330,000   2320 North College Avenue Indianapolis 3 3   3,896 1920 Yes    
    Sold $335,000   2337 North College Avenue Indianapolis 4 3   4,331 1924 No  
    Sold $350,000   2353 North College Avenue N Indianapolis 3 3   3,392 1900 Yes






Address: 2333 Carrollton Ave
Zip: 46205
Country: United States
Property Id : 1838
Price: $ 222,550 All-in
Property Size: 5,000 ft2
Rooms: 6
Bedrooms: 5
Bathrooms: 3.5
Year Built: 1910
ROI (ann): 32
walkscore57 / Somewhat Walkable more details here

One thought on “32+% ROI Restore This Large Home To It’s Former Beauty Close To Downtown

  • Dani Beit-Or
    on May 16, 2017

    We have it under contract and partially funded.

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