Updated almost 9 years ago on . Most recent reply
NRH 3/1.5/2 Large Rehab Flip.
This is a 3/1.5/2 1920 sqft brick ranch in North Richland Hills, which lies in the NRH rehab incentive program, meaning that you can get credits for the rehab from the city. We have discounted the ARV based on the fact that it is across from a school, and a comp just sold for $20K over our ARV, so we feel that it is reasonable. The $50K rehab, should cure what ails you (especially with it being unknown how much of the incentive program credits the house will qualify for). The plan we have for the master bath will make it the nicest in the neighborhood, so you should be able to get top dollar!
Price: $115,000
Rehab: $50,000
ARV: $199,000
Potential Gross Profit: $34,000
Rent: You could get ~$1500/mo, if desired, a rental rehab would be ~$40,000.
Please let me know if you want to see it!
Josh
757-897-6937