Updated almost 5 years ago on .
Adding Rooms vs As Is
I have a property in contract that is over 1700 sqrt with only 2 bedrooms. Plan is to make it a 4 bed if applicable, but the cashflow/CoCROI is not better initially doing this. Comes down to the projected cost vrs ARV.
Anyone have experiance with adding rooms? Purchase price is 100k, 10k rehab/30k adding 2 rooms. Rent projected at 1000 2 bed / 1300 4 bed. ARV 140-150k either way.