Deal Breakdown

Purchase price $42,000

Rehab cost $18,000

After Repaired Value (ARV) $75,000

We purchased this distressed 3 bed, 1 bath, 1,364 sq ft single family home using hard money in 2010 and completely remodeled (rehabbed) the property – including adding a second bathroom. We had $8k in the deal + closing costs. The property was put into service as a single family rental (SRF) home, cash flowing over $400 per month. We sold the property in 2013 for $76,000, resulting in an ROI of 320%