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Updated over 10 years ago,
Rate this potential rehab.
Would you do this deal? The spread is closer than I typically like, but it's really clean. Inventory is low here and I'm looking for a summer project...
http://hotpads.com/search/listing/mobile/735-Springton-Circle-Upper-Chichester-PA-19014--4ak7v1hgjtayh
Most recent comp- a few doors down 731 springton circle- sold after 20 days on the market for 240,000... My product would be nicer/updated compared to the one that recently sold ...
My rough numbers
165,000 under contract
10,000 borrowing cost
15,000 rehab
10,000 Closing/taxes/etc
Exit 240,000
Less closing fees
223,000
Less all in
200000
Potential 23,000 profit....
Again this is super clean compared to the other projects we do, and typically the spread is better because of all of the work involved.... How does the other view this semi-deal....