18d • General Chatbox
🏚️ NEW PROJECT UNDERWAY
We just kicked off our newest renovation project, and I always enjoy sharing the numbers so everyone can follow along.
💰 Purchase Price: $115,000
Completed:
🔨 New Roof: $12,000
❄️ New HVAC System: $5,600
Still to Complete:
• Demo work
• New kitchen
• New flooring throughout
• Fresh paint
• New fixtures and lighting
• New deck
• New front porch
Estimated Costs:
🏠 Purchase Price: $115,000
🔨 Roof & HVAC Completed: $17,600
🛠️ Renovations Remaining (including demo): ~$34,900
⏳ Holding & Misc. Costs: ~$2,000
💵 Estimated All-In Cost: ~$169,500
Projected Exit:
📈 ARV (After Repair Value): $225,000–$230,000
At a $225,000 sale:
• Less commissions (only buyer side) & closing costs (~$11,000)
• Net: ~$214,000 - loan of 86,000 = 128,000
• Estimated profit: ~$44,500
Total cash investment: $84,000
Cash on Cash Return: 53%
I will update as the project goes!
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🏚️ NEW PROJECT UNDERWAY
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