Small house (1,000 sf), big profit (57k)!

Real Estate Deal Analysis & Advice
10yFollow

Small house (1,000 sf), big profit (57k)!

Yinan Q.
Engineering Consultant, Investor · Seattle, WA · Member since 2013 · 213 posts · 61 votes

Just want to share with everyone a flip I just did recently. It's a small SFR just light over 1,000 sf in a hot area in Seattle.

We bought the house at the end of February, we are now under contract with a closing date in Mid June. The total profit will be around $57,000!

Before and after pictures:

2Reply
14 views

17 Replies

Jump to latestLatest
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    10y

    @Yinan Q.

    That looks pretty impressive. How did you finance the repairs and everything? Good luck in advance and $57,000 is huge. Much success to you! 

    0Reply
  • Jared Maltbie
    Real Estate Broker · Orlando, FL · Member since 2013 · 57 posts · 15 votes
    10y

    That's a killer front door. Really nice. 

    0Reply
  • Yinan Q.
    OP
    Engineering Consultant, Investor · Seattle, WA · Member since 2013 · 213 posts · 61 votes
    10y

    We finally closed the sale. Moving on to next project.

    0Reply
  • Nik S.
    OH · Member since 2014 · 454 posts · 227 votes
    10y

    @Yinan Q.

    Impressive design, very tasteful! Congrats!

    0Reply
  • Adrian Watkins
    Tucson, AZ · Member since 2015 · 70 posts · 24 votes
    10y

    man that place came out awesome!!! 

    what are the final numbers?!

    0Reply
  • Lucas Machado
    Real Estate Investor · Sunny Isles Beach, FL · Member since 2013 · 788 posts · 333 votes
    10y

    Beautiful!  Congrats!

    0Reply
  • Karen O.
    NYC, NY · Member since 2016 · 617 posts · 456 votes
    10y

    Good job.!  Great kitchen.

    0Reply
  • Eddie T.
    Rental Property Investor · NY · Member since 2013 · 844 posts · 350 votes
    10y

    @Yinan Q. can you tell me what flooring that is?

    0Reply
  • Dustin Verley
    Wholesaler · Newark, DE · Member since 2015 · 303 posts · 80 votes
    10y

    Nice! If I can ask, what was the purchase price and rehab costs?

    0Reply
  • Yinan Q.
    OP
    Engineering Consultant, Investor · Seattle, WA · Member since 2013 · 213 posts · 61 votes
    10y

    Thank you all for your compliments. 

    Here are the approximately numbers:

    Acquisition: 300k

    Repair+holding: 85k

    Sale cost: 35k

    Sale price: 476k

    0Reply
  • Yinan Q.
    OP
    Engineering Consultant, Investor · Seattle, WA · Member since 2013 · 213 posts · 61 votes
    10y

    @Eddie T., it's engineered hardwood floor from lumber liquidators. I believe it's hickory. 

    0Reply
  • Chris Itotia
    Essex, MD · Member since 2016 · 5 posts · 0 votes
    10y

    your design,staging and finishing is spectacular.

    0Reply
  • Bhekizwe M.
    Bulawayo, Zimbabwe · Member since 2015 · 1k+ posts · 253 votes
    10y

    impressive stuff.well done!

    0Reply
  • Scott Schuhwerk
    Lender · Lincoln, CA · Member since 2014 · 45 posts · 17 votes
    10y

    Nice work, the finished product looked amazing! 

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free