Residential – One Family

 

Purchased.

1 Family Home Located in Brooklyn, NY, Purchased in 2008 for $137,000

Rehabbed | Held.

Rehab Cost: $33,000

Period Held: 8 Years

Average Rent Roll: (Entire House was Rented Out) $18,000/Year ($144,000 in 8 Years)

Average Maintenance/Repairs: $2,500/Year   ($20,000 in 8 Years)

Sold For.

Sold for $700,000 in 2016  |  Total Profit: $654,000 after 8 years