Buy fix & Sell project. The house was bought from a bank for $102000. These days the property is being renovated. During renovation we will convert bonus room into a full bedroom so property will have total 4 bedrooms.
Time: 8-9 months
Investment: 138,500 $
Selling Price: 187,000 $
Profit after expenses: 33,200 $
Investor yield after initiation fee: 14%
Size: 1800 sqft
Built in: 1985