E 20th street case study

1236 E 20th Street Breakdown

• REO purchase $104,436
• Sold for $185,000
• Rehab Costs ($27,564)
• Investor Holding Costs ($12,000)
• Profit $18,347
 

Rehab Details:

Total dump, was a massage parlor or something? Had running water and drainage in every room, had 2 kitchens, and living area converted to room and separate living area from main house. Removed all extra walls and kitchens and converted back to original floor plan with new kitchen with appliances and new flooring, bathroom remodel, all new windows, resurfaced hardwood floor throughout, added ½ bath and inside laundry, texture and paint inside.