Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

45
Posts
5
Votes
Brian Keeler
  • Investor
  • New York City, NY
5
Votes |
45
Posts

What‘s your ecpected ROI on renovations?

Brian Keeler
  • Investor
  • New York City, NY
Posted

My colleague suggested the following as a loose rule of thumb for ROI expectations on general upgrades:

Ex:

For $100 rent increase:

$100x12 mos= $1200

$1200/20% (ROI)=$6000

Conclusion: $6000/door = $100 rent bump

Do you agree/disagree? I’m sure this is a pretty general ROT and will depend on your market and what upgrades you’re doing?

Always appreciate any input!

Loading replies...