Purchase price $56,000
Rehab cost $24,000
After Repaired Value (ARV) $105,000
We purchased this distressed 4 bed, 2 bath, 1,760 sq ft single family home using hard money in 2011 and completely remodeled (rehabbed) the property.
We had $6.5k + closing costs in the deal. The property was put into service as a single family rental (SRF) home, and is cash flowing over $475 per month.