Great deal

[Toussaint Carrington]

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

Purchase Price

$195,000

4211 Eads street

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 – $140,000