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Updated about 2 months ago on . Most recent reply

Mostafa Khalifa's profile image
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Mostafa Khalifa
  • New to Real Estate
  • from Alexandria, EG
  • Member since Feb 23, 2024
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Mostafa Khalifa's profile image
Mostafa Khalifa's profile image
Mostafa Khalifa
  • New to Real Estate
  • from Alexandria, EG
  • Member since Feb 23, 2024
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Mostafa Khalifa
  • New to Real Estate
  • Alexandria, EG
1
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14
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Rehabbing & House Flipping

Rehab Estimate in detroit

Mostafa Khalifa
  • New to Real Estate
  • Alexandria, EG
Posted

Hey so i have a potential contract for a property in Warrendale in west of detroit. The property is 662sqft 2bd 1 bth and i needs a full gut rehab. Am doing my numbers based on that the cost would be $35/Sqft but i want to know would it cost more or less than that based on people who actually rehabed something in this area.

Detroit, Michigan
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Matthew Paul
  • #2 Contractors Contributor
  • from Severna Park, Maryland
  • Member since Aug 25, 2013
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Matthew Paul
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  • from Severna Park, Maryland
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied
Quote from @Mostafa Khalifa:
Quote from @Matthew Paul:

Full gut rehab , $60 to $150 per sq ft 


If thr ARV is 60K would it even be worth my time


 Do you really need to ask ?    Numbers dont lie 

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