Deal Breakdown

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.