It’s Profit Time Again: 5494 South Main Street Is On The Market

The rehab at 5494 South Main Street is done and ready to go on the market. We’re into this house for $74,000; we bought for $52,000 and our rehab budget was $22,000. The rehab on this one was mostly cosmetic – new windows, new bathroom, paint, carpet, trim, new kitchen (cabinets, countertops, appliances, backsplash). It is a ranch house with a fully finished basement and a 2-car garage. It sits on nearly an acre of land, with an additional storage building in the yard.We’ve put it on the market for $136,900. Our goal is to get out of this house with $40,000 profit. We got private funding for this – we didn’t use any of our own cash or credit. We’re well under budget on this project, so lots of room for a big profit.

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