Fairplay Flip (Before Remodel)

This Class B property is our first property flip. The house was purchased drastically under market value at $265,500. This was due to the need of heavy remodeling with updates to the kitchen and finishing of the basement. Total renovation costs are conservatively projected at $60,000 with a timeline of 120 days. Conservative resale of $410,000 will give an ROI of 17.1%.