Disposition Photos
This property was listed and sold through the MLS. This house needed everything – Roof, windows, grounds, electric, plumbing, hvac and finishes. We even replaced all major columns, beams and footings to level each floor.
Acquisition Photos
This property’s location checked every box, but the structure itself needed substantial work. Even at only 1,200 square feet, this is one of the deepest rehabs we have done.
Project KPIs
Acquisition and Project Basics
Project Type: Fix and Flip
Property Characteristics: 3 bed, 2 bath
Location: Stoneham, MA
Acquisition Source: MLS
Construction/Improvement Timeline: 3 months
Total Timeline: About 6 months due to title issues at closing
High Level Financials
Acquisition Price: $375,000
Rehab & Carrying Costs: $275,000
Disposition Price: $780,000
Investment Metrics
Debt or Equity: Private lender – 80% Loan to purchase, $140k in rehab funds
Investor Returns: $35k in interest payment
Annualized Rate of Return to Investor: 10.5%
Value Add Summary
Cottage Street, Stoneham
Below are photos from the completed project at Cottage St in Stoneham, MA. This home is located steps away from Main St and a popular multi-town walking trail.
Cottage Street, Stoneham
Below are photos of Cottage Street at the time of acquisition and a few photos from the framing phase.
