La Puente Project

Transaction Summary

This property was a 5 bedroom 2 bath 1524 SF house in La Puente Ca.  The property sits on a 7814 SF lot and was built in 1959.

Acquisition Cost:                 $131,000

Rehab Costs:                       $ 18,000

Holding Costs:                     $   4,300

Sales Costs: (9.25%)           $ 21,827 -

5% sales commission, $5K in seller concessions and the balance in typical escrow fees.

Sales Price:                         $229,500

Profit:                                 $  43,373 -

This property was leveraged during the acquisition phase.  The ROI was based on the investors total out of pocket cash expenses which included the down payment, holding costs and rehab expenses of $64,000.

Cash on Cash ROI (8 Months) 67.77%

Before

After

Kitchen Before

Kitchen After