Purchase price $52,000
Rehab cost $17,500
After Repaired Value (ARV) $95,000
We purchased this distressed 3 bed, 2 bath, 1,396 sq ft single family home using hard money in 2012 and completely remodeled (rehabbed) the property.
We had $3k + closing costs in the deal. The property was put into service as a single family rental (SRF) home, and is cash flowing over $500 per month.