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House Flip Project

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by

Adrian Rincon

on 17 February 2015

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Transcript of House Flip Project

End
Start
Installing Hardwood Floors
Type of wood: White Oak $ 2.60
Area of the Kitchen:
Area of rectangular portion= l x w, 10l x 11w= 110 ft^2.
Area of semicircular portion= 3.14r^2/2. (3.14)^2(5.5)/2= 47.4925 ft^2
Total Area= 157.4925 ft^2 x 2.60= $409.47
Area of Living Room:
Area of Square Portion= l x w. 16 x 16 =256 ft^2
Area of Trapezoidal Portion= (b1 + b2) h/2. (16+10)4/2 =52 ft^2
Total Area= 308 x $2.60= $800.80
Area of Master Bedroom:
Area= l x w. 18 x 16= 288 ft^2
288 x $2.60=$ 748.80
Total Expenses= $1959.07
Additional 15%= 1959.07 x .15= 500.76. 500.76 + 1959.07=
2459.83$
Painting
Wall Height= 9 ft. Cost per gallon= $25
Area of walls, Number of Gallons and Price.
Kitchen walls= 10 x 9= 90, 10 x 9=90, 9 x 9=81 total= 261 ft^2
Semicircular part: 3.14d/2 x 9= 3.14(11)(9)/2= 155.51
Cone ceiling= 3.14r^2+3.14rl. 3.14(5.5)^2+3.14(5.5)(9)=250.46 ft^2 - area of semicircle(47.4925)= 202.97 ft^2
Total area= 619.48 ft^2. 619.48/ 350= 1.77 gallons of paint. 1.77 x $25= $44.25
Living Room
Square Portion= (16 x 9)(4)= 576 ft^2
Trapezoidal Portion: (5 x 9)(2)= 90 ft^2, 10 x 9= 90 ft^2. Total Area= 180 ft^2 Total Area= 756 ft^2
756 ft^2/ 350= 2.16 gallons of paint. 2.16 x $25= $54
Painting Part 2
Master Bedroom
Walls = (16 x 9)(2)= 288 ft^w, (18 x 9)(2)= 324 ft^2 total area= 612 ft^2
Pyramid Cieling= surface area = 18 x 12= 216, 12.7 x 16= 203.2 add these up and you get 419.2 ft^2.
612+ 419.2= 1031.2 ft^2. 1031.2/ 350= 2.95 gallons of paint. 2.95 x 25= $73.75
2nd Bedroom
12 x 9= 108, 10 x 9 x 2= 180, 14 x 9= 126 and add them all together= 414 ft^2
414/ 350= 1.18 gallons of paint, 1.18 x 25= $29.57
3rd Bedroom
2 x 9= 18, 10 x 9 x 3= 270, 14 x 9= 126 and then add them together= 414 ft^2
414/ 350= 1.18 gallons of paint, 1.18 x 25= $29.57
Grand total= $231.14
Amount of Paint= 9 gallons of paint
Air Conditioning
Volume of Master Bedroom
Volume of room alone =l x w x h. 18 x 16 x 9= 2592 ft^3
Volume of Pyramid Ceiling= Area of base x height= (16 x 18) x 9= 2592 ft^3
Total Volume= 5184 ft^3 Type of Unit: $300
Volume of Living Room
Square portion= l x w x h. 16 x 16 x 9= 2304 ft^3
Trapezoidal Portion = area of base x height= 52 x 9= 468 ft^3
Total area= 2772 ft^3 Type of Unit: $150
Volume of Kitchen
Rectangular Portion= l x w x h. 10 x 11 x 9= 990 ft^3
Half Cylinder= 3.14r^2h/2. 3.14(5.5)^2(9)=855.3 ft^3
Half Cone Ceiling=1/3(3.14)r^2h. 1/3(3.14)(5.5)^2(9)= 285.1 ft^3
Total Volume= 2130.4 ft^3 Type of Unit: $150
Total Cost: $600
Sell This House!
Cost Altogether: $180,000 original cost + $2459.83 flooring + $231.14 painting + $600 air conditioning + 10,000 legal fees= $193,290.97 Grand Total
Profit: 20% of $193,290.97= $38,658.19. $38,658.19 + $193,290.97= $221,949.16
Actual Listing Price: 15% of $193290.97= $28,993.65. $28,993.65 + $221,949.16=
$250,942.81

House Flip Project
By: Adrian Rincon
Full transcript