Purchase Price: $580,000
Rehab Financing: $117,700
Total Loan Amount: $541,200
LTV: 77%
Estimated profit: $100,000
With eyes on this 1928 property, this experienced investor set out to maintain this historic and charming bungalow while transforming it for today’s modern living.
Looking to acquire this property because of its great price point and ideal location, this investor needed a lender that could get the deal done. Turning to CV3, we were able to help them purchase it for $580,000 while also providing 100% Rehab Financing to ensure they were able to stay liquid through renovations.
Upon entering the newly renovated 2,373 sq ft property, you’re met with a wide-open floor plan that creates a seamless flow throughout the home. Cutting no corners, the home now features high-end finishes, new cabinetry, state-of-the-art appliances, light fixtures, updated windows, and new flooring.
With a full interior facelift, this project was no small feat, but our investor was able to get the job done and sell… all within 8 months’ time. After holding and soft costs, this investor walked away with an estimated profit of around $100,000 after it sold for $819,000!