This is a flipping. The house was built in 1969. 1380sq. 3 beds, 2 baths.
milestones :
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1/21 purchasing
4/16 listing
4/21 pending
5/16 closing & funding.
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Financials:
purchase price : $14,5000 + 4296.78(double closing)
sale price : $275,000
rehab cost : $35,054+$4400.
closing cost : $21,928 ( 6% commission, title insurance, property tax,etc)
insurance : $350
utilities : $409
out-of-pocket cash : $187,317
net profit : $61,343
ROI = 61,343/187317 = 33%.
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Pictures Before
PICTURES AFTER