- Single family frame bungalow, 3 bedroom / 3 bathroom
- Acquisition $140,000, budgeted rehab $176,000, sales price $430,000
- Total investment $316,000
- Investor net ROI of 8%, loan period of 180 days
- Major work:
- Replace all roof shingles, siding and windows
- Replace front porch
- Lower basement foundation by 4 inches and finish basement with additional 1 bedroom and 1 bathroom
- Remodel kitchen and bathrooms
- Install new floors and drywall throughout