Spring Hill Flip

Spring Hill Flip

3 bed / 2 bath 1614 sq ft Built in 2003 Single Family

You will be impressed with this completely remodeled 3-bedroom, 2-bathroom modular home on a 1-acre lot in Hernando County.  Our investor purchased this property through EquityPro for $142,500.  With a $50,000 rehab budget, our investor completely updated the property's interior with a new kitchen, bathrooms, flooring, paint, fixtures, and more.  He added some additional curb appeal to the exterior by adding two beautiful new stairwells.  He had an additional $27,500 in other costs, including closing costs, commissions, and utilities.  This home sold in 38 days for $320,000, generating a net profit of $100,000 for our investor.  Great job on a very successful rehab!  

Financial details
Investor price $142,500
Rehab costs $50,000
Other expenses $27,500
Days on the market 38
Sold price $320,000
$100,000
Profit
45.45%
ROI