Banbury Ct

Challenge

This property was a 2,431 square feet house with 3 bedrooms and 3 baths. It was a HUD property that was foreclosed. We had to determine what to do with the excess space.

Solution

We submitted a bid and were able to get an acceptance. We rehabbed the property and added a garage and bedroom. We increased the size of the house by 180 square feet and were able to sale at a higher price.

By The Numbers

  • Owed: N/A
  • Purchase: $79,000
  • Rehab: $20,500
  • Invested: $106,231
  • Sold: $150,000
  • Profit: $43,769