492 Szost Drive Farifield, CT 06825

ObjectiveTotal 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.

COMP SALES REVIEW492 Szost Drive Fairfield sfr/2-3 bed/1-2 bath/cape/800-1800 sf/ffld/6 mosprepared (08-31-10) updated 10-4-10 by DRH source listingbook.com)assessment data source sitex.com492 Szost Drive cape $315.00 2.0 1.0 922.0 UNIV current layout

$410.66 projected 3.0 2.0 1,202.0 UNIV projected layout full dormer + TV room

address type sold date DOM assess adjusted bed bath sf mkt area comments165 Moritz Place cape $270.00 02-Apr-10 53 $291.00 $381.03 3.0 1.0 1,075.0 UNIV sold as is REO650 Judd Street cape $461.00 24-Jun-10 114 $319.00 $593.46 3.0 2.0 1,962.0 UNIV Pristine272 Knollwood cape $410.00 12-Aug-10 105 $480.00 $350.77 3.0 1.0 1,229.0 UNIV move in150 Tuckahoe cape $375.00 30-Jun-10 95 $368.00 $418.47 4.0 2.0 1,368.0 UNIV well maintained150 Larkspur cape $413.00 23-Jul-10 89 $304.00 $557.91 2.0 1.0 1,100.0 UNIV upgraded throughout

11 Brookmere cape $539.00 24-Jun-10 99 $459.00 $482.24 3.0 2.0 1,549.0 UNIV awesome37 Baros cape $282.50 06-Jun-10 77 $272.00 $426.51 2.0 1.0 895.0 UNIV well maintained

133 Tuckahoe Lane cape $415.00 25-Aug-10 142 $387.00 $440.37 3.0 2.0 1,822.0 UNIV remodelled17 Ridgedale Road cape $517.00 12-Aug-10 16 $390.00 $544.39 3.0 2.0 1,819.0 UNIV updated throughout

217 Highlawn cape $360.00 30-Sep-10 58 $296.00 $499.45 2.0 1.0 780.0 UNIV amazing opportunity

average $404.25 85 $356.60 $469.46 3 2 1360

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

Work Already Completed

• Interior Demolition

• Initial Landscaping

• Windows Ordered

• HVAC In Process

• A2 Land Survey Complete 9-24

• Building Permits Received

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

Projected PNL

ARV $449.9

Purch $285.0

Rehab $ 90.0

Closing $ 5.4

Holding $ 6.8

Selling $22.5

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B/E $409.7

Profit $ 40.2

ROI 10.4%