Lehigh Acres Flip

Lehigh Acres Flip

3 bed / 2 bath 1769 sq ft Built in 1986 Single Family

Our investor borrowed hard money and turned this Lehigh Arces flip into a $26,000 profit!  The 3 bedroom, 2 bathroom property was purchased at wholesale for $139,000.  The investor put 20% down and borrowed the balance and rehab costs from one of our preferred lenders.  Lender fees were $4591 at closing and total holding time was around 4 months at $1219 in monthly interest.  Total rehab costs were around $22,000.  Great work!

Financial details
Investor price $134,900
Rehab costs $22,000
Other expenses $13,456
Days on the market 34
Sold price $197,000
$26,644
Profit
15.64%
ROI