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

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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.