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Updated over 6 years ago,

User Stats

912
Posts
107
Votes
Patrick Philip
  • Florida
107
Votes |
912
Posts

Does this sound like accurate analysis?

Patrick Philip
  • Florida
Posted

I bought a house from a wholesaler in September 2017 for $115k. I have it listed for $185k and was told by a realtor that was a good price. It hasn't sold yet, but for the sake of this post, let's just say it will sell for $185k.

It is now roughly 9 months after purchase and I have increased the value of the home from $115k to $185k. This is 60.9%. According to data I've read, home prices in the Orlando-Kissimmee-Sanford metropolitan area have gone up 12% annualized during this period. 

60.9 - 12 = 48.9%.

Does this mean that my rehab improvements improved the value of the home by 48.9%?

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