Purchase an old house with a huge lot of 0.3 acre. House demolition and reconstruction of a beautiful modern house as you can see in the illustration. New house size is 2300 sqft and very high end finishes. Predicted sell price $510,000 , total predicted project time is between 7 to 9 months.
Time: 9 months
Investment: 374,500 $
Selling Price: 510,000 $
Profit after expenses: 102900 $
Investor yield after initiation fee: 15.1%
Size: 2300 sqft