7932 Cherrytree Ln

Price: $109,900

Property Description

Purchase Price: $58K
Rehab Investment: $15K
Total Investment: $73K
Under Contract: $108K in less than ? days
Pre-Closing ROI: 32.5%
Location: Magnolia Valley in Port Richey

Here this home was a rental for one of Kevin’s clients that they had about $58K in costs in it before coming to Kevin. There was another house listed at $69K on the street about the same size. Kevin advised his clients to spend about $10-15K in upgrades so that he would be able to net them more as they were in a changing market. Two months later after about $14K in upgrades his clients were ready and he listed it at 109,900 and ended up selling it for $108K with this clients contributing 3k towards the buyers closing costs leaving a net of $105K.

Quick Summary

Property ID:
4078
Property Status:
Sold
Property Type:
, , ,
Location:
7932 Cherrytree Ln, New Port Richey, FL 34653, USA
Bedrooms:
2
Bathrooms:
2
Area:
1518.00 ft²
Parking place:
4

Map

Contact Agent

Kevin McCullough
Kevin S. McCullough has over twenty (20) years of experience in mortgages, legal, and all aspects of real estate. Prior to the inception of McCullough & Associates Realty, Inc. he was a mortgage broker for almost a decade and dealt with Conventional Fannie Mae and Freddie Mac lenders, HUD and…
Mobile:727-364-1359
Email:kevin@yourdailyrealestate.com