Rehabber’s Special


Needs Cosmetics

 Easy Rehab

Paint, Carpet and Light Bathroom Work

Light rehab. Needs light putty and paint, carpet and work in bathroom. Bathroom could use new surround and vanity.

It will cash flow. If you don’t want to fix it up, it is livable in the current condition. But since it needs so little, I recommend sprucing it up Rent at $650 a month

Newer furnace in basement.

For more information and Pictures go to http://www.postlets.com/res/2897041

Profit Pro forma for Fix and Sell for 502 Beaver St

After Repair Value                   $35,000

Expenses

      Purchase                            $19,000

      Closing Costs                          $550

      Material Costs                      $ 2800

Labor 50 to 60 hours

Total Costs                               $22,350          

Profit                                        $13,450

That is over $200 an hour. Not Bad!

Contact me if you have any interest.

Dave Miller

Cell Phone: 717 951 0201

Work          717 656 0749

RealStreet@frontiernet.net

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Published in: on October 19, 2010 at 3:24 pm  Comments (1)  

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One CommentLeave a comment

  1. […] I had settlement on 502 Beaver St. This was a wholesale that I flipped in a few days. (More on that here) […]


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