Purchase price $55,000
Rehab cost $21,000
After Repaired Value (ARV) $105,000
We purchased this distressed 3 bed, 2 bath, 1,335 sq ft single family home using hard money in 2013 and completely remodeled (rehabbed) the property. We had $2.5k + 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.