We just closed a property that a client bought three years ago for $44,500, after putting $14,000 or so in rehab and mainatenance when tenants moved out and netting $500 per month in monthly cash flow, they will have made $18,000 in three years from rents (excluding vacancy). The property just sold for $68,500, which means that even after subtracting renovation and turn costs that the client made another $10,000 in profits from appreciation. This $28,000 return on a $58,500 investment for acquisition and renovation means that our client made 48% ROI (Return On Investment) in a … (0 comments)
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