M-Streets Rebuild #2

After

After

Before

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
 

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