Project: Lovelady
About The Project
This was our team’s first full gut rehab and we’re proud of the product we could bring to the market. As you can see in the before photos below much of the ceiling and insulation had caved in due to leaks in the roof system. This led to rotting of the floor joist and much of the interior wood in this property had to be replaced. With so much of the floor being replaced almost every interior wall was removed and a new open concept floor plan was introduced to the property.
Soddy Daisy, TN
Bedrooms: 3
Bathrooms: 2
SqFt: 1,300
Original Property Condition
Quick Investment Analysis
Purchase Price: $55,000
Date: 09/01/2020
Rehab Costs: $146,000
Sale Price: $290,000
Date: 02/18/2022
Total Invested: $201,000
Total Spread: $89,000
Funding Type: Partnership
Investment Period: 1.47 years
The following items may not be included in analysis: Closing Costs, Agent Commissions, Assignment Fees, and Interest.
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