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Updated over 4 years ago on .

User Stats

8
Posts
8
Votes
John Dirks
  • Rental Property Investor
  • San Francisco
8
Votes |
8
Posts

Adding Rooms vs As Is

John Dirks
  • Rental Property Investor
  • San Francisco
Posted

I have a property in contract that is over 1700 sqrt with only 2 bedrooms. Plan is to make it a 4 bed if applicable, but the cashflow/CoCROI is not better initially doing this. Comes down to the projected cost vrs ARV.

Anyone have experiance with adding rooms? Purchase price is 100k, 10k rehab/30k adding 2 rooms. Rent projected at 1000 2 bed / 1300 4 bed. ARV 140-150k either way.

  • John Dirks