North Dallas Flip

  After
  Before
 

Description

This was a purely cosmetic flip of a high end home built in 1990. Great curb appeal and bones.  Just needed new everything inside.  This was executed well, and planned on selling for $725k.  We had a full price offer in the first few days on the market, and then the buyers pulled out during the option period because they couldn’t fit a pool in the backyard.  Went back on the market and had to sell for $675k after waiting 3 months.  We cut out our commission in order to help the investor offset the lower sales price.

The Numbers

  • ROI - -7.32%
  • IRR - -12.54%
  • Net Loss - -$11,433
  • Sale Price - $675,000
  • Purchase Price - $515,000
  • Rehab Cost - $110,000
  • Soft Cost - $36,458
  • Selling Cost - $24,975
  • Total Cash Invested - $156,250
  • Time (months) - 7
 

Interested in this deal?

Call Brandt Barham at 469-531-4131.