Hot Area

[Toussaint Carrington]

Eads St NE (2 potential options for this rehab)

Deanwood neighborhood

Property sits on two lots which creates the opportunity to build a duplex

Comps in the neighborhood for similar houses range from $ 350,000 to $400,000

Option A. (Construct two houses 6- 9 month timeline)

Purchase Price	$195,000
Rehab Cost	$250,000
Average real estate value	$350,000 per house ( 2 houses) {$700,000 – $800,000}
Profit (minus interest and closing costs)	$265,000 - $365,000

Option B. (Rehab existing house)

Purchase Price	$195,000
Rehab Cost	$100,000 - $120,000
Average real estate value	$400,000 -$425,000
Profit (minus interest and closing costs)	$115,000 – $140,0000