~$25,000 Profit on a $72k Fix and Flip

[Account Closed]

This property was a typical run down rental that you see frequently in San Antonio.

It is a 3/1 and was built in 1951.

I bought it through a TX contact, and we did a full rehab and flip. It took about 70 days to finish. My contact there is a licensed agent and investor. They did all the work and did a solid job. They sent me pics every week of progress. 

The numbers on this deal:

Purchase Price: $72,000 cash

Rehab Costs:

• Kitchen Granite: $1300
• HVAC upgrade: $500
• Electric Fixtures: $800
• Interior finish: $2300
• Bathroom: $800
• New floors: $2800
• Dumpster: $1000
• Deck: $3000
• Microwave oven and elec: $600
• Rotten wood removal: $895
• Deck stain: $595
• New sod: $1795
• Shutters: $295
• Concrete stain: $495
• Mail box: $95

Total rehab: $17,270

Total cost: $89,270

Sold price: $115,000

Closing costs: ? still need this number

Profit: ~$25,730

DOM: 150