Example Flip

Extensive repairs and cosmetic upgrades

Return to Track Record

6307 Scarletcrest Ln Memphis, Tennessee 38115

  • 3 Beds
  • 2.0 Baths
  • 1,970 Sqft
  • 84.94% Annualized ROI

Results

Source
Foreclosure
Purchase Price
$60,000
Renovation Costs
$39,258
Development Fee
$3,500
Total Basis
$102,758
Purchase Date
01/10/19
Days Owned
141
Sales Price
$148,000
Closing Costs
($7,400)
Cost Basis
($102,758)
Soft Costs
($4,125)
Gross Profit
$33,717
6307 Scarletcrest Ln

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Description

This home needed a lot of interior cosmetic repair and also needed a new roof. We were able to get everything done for a reasonable price of $40,000, or $20 per square foot.