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Montlake Flip

2216 E Louisa St Seattle WA 98112

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Price: $410,000
Estimated fix up: $100,000
Work needed to flip:
-interior / exterior paint, reside the house, roof, flooring, refinish the hardwoods, kitchen, bathroom, finish basement, install bathroom, landscaping

Estimated Sale Value: $650,000

Original Projections to Flip:
If you put an estimated $100,000 into remodeling the house completely, you will essentially be into the property for $510,000. At a sale price of $650,000 - $52,000 (selling cost) - $510,000 = $88,000.00! (net profit)

What happened:

Acquisition Price: $410,000

Actual Fix up: $108,000

Selling Cost: $51,400

Sale Price: $642,500 (went pending in 20 days)

Net Profit: $73,100!

Time Spent: 4 Months

Actual Flip:
If you put an estimated $108,000 into remodeling the house completely, you will essentially be into the property for $518,000. At a sale price of $642,500 - $51,400 (selling cost) - $518,000 = $73,100! (net profit)

If any investor is interested in finding out how we completed the entire remodel for around $100k, please call us!  We will happily refer you to some good contractors who understand the real estate market and the importance of completing a project in a timely fashion, along with a great price.

Best of success in all future purchases!

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