I bought my house because the whole interior was a beautiful blue color.

Thus work done such as "repair cement steps, refinish wood floors, patch holes in walls, and paint the interiors and exteriors of the building." are added to the basis of the property.

Purchase price: $42,000 Cash invested: $80,000 Sale price: $195,000 Five-bedroom home that had been rented for years, no carpet, needed new roof, interior & exterior paint, floor coverings, complete kitchen remodel including change in floor plan, tons of yard maintenance, new wiring in places, etc.

When I photograph a unit to document condition I now open the fridge and carefully photograph the interior so that if there is damage like this again I can go after the tenants for it.

Are you planning on changing the structure or is all the work interior? 

Here are the details sent directly from listing agent: Property Address Monthly Gross Income Yearly Gross Income 1297 NE 110 Terr Unit 1 (1/1) $ 1,300.00 $ 15,600.00 Unit 2 (2/2) $ 1,300.00 $ 15,600.00 Unit 3 (2/1) $ 1,441.00 $ 17,292.00 Total $ 4,041.00 $ 48,492.00 Monthly Operating Exp Yearly Operating Exp Water $ 86.66 $ 1,039.92 Electricity $ - $ - Property Taxes $ 271.17 $ 3,254.00 Insurance $ 562.31 $ 6,747.66 Waste $ 80.00 $ 960.00 Landscaping $ 80.00 $ 960.00 Total $ 1,080.13 $ 12,961.58 Net Operating Inc $ 2,960.87 $ 35,530.42 Purchase Price $ 549,000.00 Cap Rate 6.47% PROPERTY TRADE HISTORY:> LISTED 5/21/19: $549,000 (+92.6%) *some obvious renovations on interior and exterior*> SOLD 9/24/2018: 285k (+10%)With 5% vacancy and 50% expenses this would negatively cash flow (-$1,085 per month), cash on cash return (-3.34%), and debt coverage ratio would be (.97).

Hi, I’m fairly new to investing, however I own a home interior design and full renovation contracting service.  

All wood interiors and a view will bring in more money. 

Painted interior.

The interior was fully renovated in 2021.