A Renovation Experience on Roanoke Ave

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $160,000
Cash invested: $38,914
Sale price: $216,400

Contributors:
Peter Vekselman

Partner Driven worked with Jimmy on a renovation project in Uhrichsville, Ohio. The property on Roanoke Ave was purchased for $160,000 and improved with $38,914 in upgrades before selling for $216,400. This project provided valuable insight into renovation planning, market timing, and the importance of aligning scope with local resale trends.

What made you interested in investing in this type of deal?

The property presented a reasonable opportunity to improve overall condition and appeal through targeted renovations. Its structure supported updates without requiring a full rebuild, and the surrounding market suggested steady demand for improved homes. On paper, it aligned with a moderate renovation strategy.

How did you find this deal and how did you negotiate it?

Jimmy sourced the opportunity through local outreach and identified it as a workable renovation candidate. The seller was open to a straightforward transaction, which allowed the purchase to move forward efficiently. Clear terms and timely action helped secure the property and begin the planned improvements.

How did you finance this deal?

Partner Driven funded 100% of the purchase and renovation, covering both the $160,000 acquisition and the $38,914 rehab budget. With full capital support, the focus remained on executing the renovation plan properly and preparing the home for resale without personal financial exposure.

How did you add value to the deal?

The renovation focused on practical improvements such as updated flooring, fresh paint, and key interior enhancements designed to improve functionality and buyer appeal. The goal was to elevate the property’s presentation and align it with local market expectations.

What was the outcome?

The property sold for $216,400 after renovations were completed. While the final numbers were tighter than initially projected, the project closed successfully and provided meaningful insight into cost control, pricing sensitivity, and market positioning in this area.

Lessons learned? Challenges?

This deal reinforced the importance of closely tracking renovation costs and staying conservative with resale assumptions. Market shifts and expenses can narrow margins quickly. The key takeaway was that disciplined underwriting and flexibility are critical when working mid-range renovation projects.