- Single family frame bungalow, 4 bedroom / 3 bathroom
- Acquisition $238,000, budgeted rehab $252,000, sales price $620,000
- Investment required: $252,000
- Investor net ROI of 8%, loan period of 180 days
- Major work:
- Deconvert from 2-flat to single family home
- Replace all roof shingles, siding and windows
- Demolish enclosed porch and replace with large wooden deck
- Lower basement foundation by 6 inches and finish basement with additional 1 bedroom and 1 bathroom
- Remodel kitchen and bathrooms
- Alter layout of 2nd floor for 3 bedrooms and 2 bathrooms