Updated over 3 years ago on .
SFR House flip 63% ROI
Investment Info:
Single-family residence fix & flip investment in Long Beach.
Purchase price: $460,000
Cash invested: $120,000
Sale price: $675,000
Contributors:
Amaury Zambrano
This is a fix in flip purchased under 75% ARV and looking to resell in late February or early March depending on changes in the scope of work.
ARV was estimated at $610,000-- but sold for $675k.
Private Loan is $400k the rest is my own cash invested.
Initial personal cash was apx $60k for purchase $75k construction $20k holding costs, $25k closing costs. Approximation.
Total Cash $180k
$400k Loan
Net Costs $580k
Sold Price $675k
$95k net profit
$400k Private money
ROI 63%
How did you find this deal and how did you negotiate it?
Agent relationship
How did you finance this deal?
PM
How did you add value to the deal?
Renovated kitchen bath floors windows landscaping paint roof plumbing etc