Flip #3 - Ferstl Flip

NET PROFIT - $47,407

 

I started my SMS campaign the second week of December and less than 2 weeks later had this deal locked up! The project included adding a half bath and was otherwise cosmetic, which means it took only 97 days from purchase to sale! Located in a quiet but growing neighborhood, I landed the deal next door and hope to keep going! 

PURCHASE DETAILS

List Price: N/A

Purchase Price: $140,000

Closing Date: February 4, 2021

Source of Deal: SMS 

Funding Source: Hard Money

Size: 1,396 sqft

Estimated Rehab Time: 4 weeks

Estimated Rehab Cost: $27,000

Estimated ARV: $205,000

Bed/Bath: 3br/1ba

 

SELLING DETAILS

List Price: $245,000

Sale Price: $250,000

Close Date: May 11, 2021

Total Flip Timeline: 97 days

Actual Rehab Cost: $33,042

 

BEFORE

 

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AFTER

 

13 Kitchen
30 Laundry Closet
25 Bedroom
28 Bathroom
18 Breakfast Area
21 Primary Bathroom
15 Kitchen
02 Exterior Front
05 Exterior Front Entry
10 Living Room
37 Exterior Rear
40 Exterior Side

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