🏡 Property Update: 3346 Mt Everest, San Diego, CA 🏡
Excited to share the latest updates on our project at 3346 Mt Everest! After purchasing the property for $860,000, which included our closing costs, we invested $130,000 in rehab. The project took about 10 weeks, and overall, it went slowly yet smoothly. Key Details: - Listing Price: $1,250,000 (going live tomorrow!) - Commission: 4% ($50,000) - Fees: $5,000 - Mortgage Payments: 3 payments of $7,000 each ($21,000 total) Total Investment Breakdown: - Purchase Price: $860,000 - Rehab Costs: $130,000 - Mortgage Payments: $21,000 - Fees: $5,000 - Total Investment: $1,016,000 Net Profit Calculation: - Listing Price: $1,250,000 - Less Total Investment: $1,016,000 - Less Commission: $50,000 - Net Profit: $184,000 Below are some terrible before and after pictures of the kitchen area! If you know anyone in San Diego looking to purchase let me know! If you are an agent here in the community and bring a buyer I will give you a 5k bonus!