First rental rehab - before and afters!

[Ashly B.]

Purchased 4 plex June 2015. All units were rented but we had 2 open up at the end of July so we were able to dive in on renovations. Just finished our rehab of the first unit. Work done includes refinishing hardwood floors, all new kitchen, all new bath, exposing original brick (who knew that would be one of the hardest parts! Not sure I'd tackle that again even though I LOVE how it turned out), updating some windows, fixing some old plumbing and electrical, and lots and lots of painting. When we purchased, this 1 bedroom unit was bringing in $475/mo and we just had the first person to look at it after renovation sign a 1 year lease at $800/mo. Renovations cost about $10k (I haven't tallied the final numbers yet) and we did 98% of the work ourselves. 

... if anyone can instruct me on rotating my portrait photos I'd super appreciate it! Kind of loses some effect when you have to look at them sideways haha

Kitchen 

Living room

Hallway

Bedroom

Bathroom

[Matt Morgan]

Awesome job, the unit looks great!

Your ROI is phenomenal, too: You should see about a 40% annual return on your money invested and assuming a cap rate of 10, you just added $40,000 in value to your property. And that's just from one unit.