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DEAL: Rehab | $29K Proft |
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Category: Big Deals Current Grade: ? Total Views: 610 Member Comments: 0 |
Posted on: 10/08/2007 Posted by: kdessinger Blog Points: 124 View all blogs >> |
602 JEWETT ST
Houston, TX 77009
SRF - 3/1 - 1,140ftsq
Comments:
The current rehab quote is to leave the property as a 3/1, but if you want to put an extra 10K in to the rehab to make it a 2/2 and raise the ceilings the AVR could be $200K.
Income: $184,900
ARV: $184,900 (Low comps)
Expenses: $155,562
Purchase Price: $110,000
Closing Costs: $3,214
Holding Costs: $7,348 (2 mos)
Rehab Quote: $35,000
Strategy: Assignment
Rehab Time: 2 Months
Profit: $29,338
Gross margin after financing: $29,338
*Note tax benefits are not added into the potential profits.
If your interested contact me.
Houston, TX 77009
SRF - 3/1 - 1,140ftsq
Comments:
The current rehab quote is to leave the property as a 3/1, but if you want to put an extra 10K in to the rehab to make it a 2/2 and raise the ceilings the AVR could be $200K.
Income: $184,900
ARV: $184,900 (Low comps)
Expenses: $155,562
Purchase Price: $110,000
Closing Costs: $3,214
Holding Costs: $7,348 (2 mos)
Rehab Quote: $35,000
Strategy: Assignment
Rehab Time: 2 Months
Profit: $29,338
Gross margin after financing: $29,338
*Note tax benefits are not added into the potential profits.
If your interested contact me.
