Ball Park Rehab for 1300 square foot house?

[David Kay]

What are some ball park estimates to repair a home similar to this and bring it to renting condition?

http://tinyurl.com/7td9bg7

Let's assume it needs:

Water Tank
Drywall/paint
Furnace
Pex plumbing
Windows

I'm trying to determine if buying a property that is in this bad of shape is worth it. If rehab costs are relatively low, maybe around $10k, then this would be a winner when complete. However, if rehab cost are north of $25k then the deal would not be worth it. I could just buy a ready-to-go house for $30k with much less headaches.

[Account Closed]

Hi David, assuming the house was $1300 square feet, here are some rough numbers from my experience.

-Water Tank $250-$400 materials; depends on gas or electric a plumber will install for $75-$150
-Drywall/paint drywall is $4 per sheet paint is $50-$120 per 5 gal
mud and tape is cheap, you have to find affordable labor
-Furnace can run up to $3000 installed
-Pex plumbing $500 max including labor and material
-Windows windows $200 per window installed (10 windows =$2k)

On the high side it would cost me no more than $7000 to get this all done as long as it's not a drywall gut job. You should be well within $10k labor and material. Shop,shop shop around for pricing. Some additional information and pics would be great so we can get you more information.