7932 Cherrytree Ln
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.