My Flip Deal - Berg-Lasher Subdivision - Detroit

[Marisa R.]

Hi Guys

This is one of my recent deals/flips in Detroit in the Berg-Lasher subdivision

This was a distressed purchase,  3 bedroom ranch home.

Rehab  includes new roof, flooring, external brick cladding, 4th bed addition, new kitchen with granite counters and modern new bathroom

House across 4 bed/2 bath sold for $130,000

ARV - $115,000 to 130,000

$27,000  purchase price

$31,000  rehab cost

$6900   (6% selling cost)

$2000   (closing costs?)

Expected Profit - - $48,000  @  $115,000 (est sales price)

I will continue to update you on this project. 

Currently in the early stages of this rehab and will provide update/photos along the way 

The only down side to this project is we will be selling in Winter, may be a tad tougher to sell? 

Time will tell

Watch me turn an ugly duckling into something special.... Fingers crossed