Updated over 2 years ago on . Most recent reply
Before & after renovation breakdown
❌ Previous Rent: $1,100
✅ Post Reno Rent: $2,000 (plus utilities)
Original Underwriting: $1,900
$900 monthly rent increase
$10,800 additional income per year (excluding utilities)
We spent $35,000 for a premium level renovation.
= 30.8% return on investment (ROI)
We target an ROI between 25% - 35%. If below 25%, we think the potential upside is NOT worth the cost.
What ROI do you typically target on your value add deals?
