This house has just been acquired and the remodel process has been started. The house is a 4 bedroom 2 bathroom with over 2,200 Sq ft. The home already has new windows, new roof, and a fairly new HVAC system. The rehab will include , newly designed kitchen including new cabinets, dishwasher and appliances, brand new bathrooms with tiled showers, paint inside and out, new appliances, an updated electrical system, tile laid throughout foyer, bathrooms, and dining area, and an updated laundry room including new washer and dryer hook-ups. The house will appraise over $125,000. Estimated time to rehab 6-8 weeks.

Estimated Appraisal: $135,000
Estimated Repairs $32,000
Zero Money out of Pocket Loan: $76,000
LTV 56%
Rental Market $900-$1100 per month.
Potential Cash-Flow @6% interest = $350