Portfolio SixSingle Family Flip
2 bed 1 bath remodel and new construction 2 bed 2 bath ADU
Single Family Home & ADU
Single family house remodel and new construction 2 bed 2 bath ADU
BEDROOM4
BATHROOM3
SIZE8,420 Sq Ft
Units 4
ABOUT NEW RESIDENTIAL PROJECT
This single family home was built in 1921. The house was completely gutted and square footage was added, turning this home into a 2 bedroom and 1 bath. A brand new construction 2 bedroom and 2 bath ADU was built in the back. The kitchens were carefully designed with customized cabinetry and quartz counter tops, remodeled bathroom w/ modern cabinetry and modern tile. Owners can rent out the back unit for additional income.
Profits are split between the investor and company.
PURCHASE PRICE $335,000
CONSTRUCTION & HOLDING FEES$211,832
TOTAL INVESTMENT $546,832
SALE PRICE$740,000
CLOSING COSTS$44,400
TOTAL PROFIT$148,768
PROJECT ROI27.2%
ANNUALIZED PROJECT ROI 37.6%
