The $450K fixer-upper
- Purchase price
- $450,000
- Renovation budget
- $65,000
- Estimated after-repair value
- $650,000
- Projected rent
- $4,200/mo
The verdict
Worth investigating.
Potential value-add, but carrying costs, financing, and the exit strategy could make or break it.
Hypothetical figures, not a valuation or financing offer. Loan costs, expenses, appraisal, and rental comps must be verified. The spread is not profit.