Rental Rehab calculations

[Peter Bardou]

Hey everyone!

I am getting ready to rehab a kitchen and bathroom in a 2 bed 1 bath unit. I am doing all of the work myself. The estimated budget for the rehab is as follows:

The rent increase will be $200 on the unit, going from $725 to $925 or a 27.5% increase. I absolutely feel like this is a no brainer because i am doing the work. IF, i were to pay contractors to complete the work, i would add at least 50% to that total if not more....IS IT WORTH THE REHAB? as a DIY is it worth the rehab in terms of ROI

I can currently bring the unit up to $800/month with a turnover and zero rehab.....THOUGHTS?

plumbing and electric is being done by family members for cost of materials :-)