1 year hold on a FHA 203k loan

[Ken Mackey]

Hi, I have a plan and am in the middle of buying a property with FHA 203k. My initial principle is around 74k with out renovation costs. After a year I plan to resale the property for market value which is around 120k.

My question is, do the numbers sound right with a cap of renovation at 10k and a one year holding period. I would if possible like to also find some useful tools to help me calculate the ROI.

Thank you,

Ken