M-Streets Rebuild #2
After
Before
Description
M-Streets tudor that started out at 1400 sqft. We added 1500 sqft and gutted the existing 1400 sqft. The result was good, but could have been better if we had a designer involved on this project. The finishes were not up to the standards of the neighborhood. That said, we listed for $790k and went under contract in one week.
The Numbers
- ROI - 52.84%
- IRR - 45.29%
- Net Profit - $76,613
- Sale Price - $760,000
- Purchase Price - $355,000
- Rehab Cost - $225,000
- Soft Cost - $67,667
- Selling Cost - $35,720
- Total Cash Invested - $140,000
- Time (months) - 14
Interested in this deal?
Call Brandt Barham at 469-531-4131.