NE 27th Avenue

PURCHASE PRICE: $340,000
RENOVATION COSTS: $250,000
RESALE PRICE: $780,000

Dan found NE 27th Ave for his investment clients. After Dan’s market and ROI analysis, he advised his clients that this property would meet their needs. Dan recommended a purchase price of $360,000 and with $200,000 in renovation costs, the final list price would most likely provide an ROI with closing costs of purchase and then sale of 20%.
The client also hired Dan to head the project, hiring and overseeing contractors, permits and overall management. After completion and continued market analysis updating, Dan’s projected sale price of $720,000 rose to $780,000 and was listed and sold at that price
Dan’s investors made a 30% return on investment, 10% above his original analysis of a possible 20% return. Further, Dan did advise his client that the property could well be worth over $1 million dollars in another year if the past 3-4 years appreciation rates continued. The client still decided to sell. Within 9 months, the property was estimated by major real estate sites at over $1 million dollars and the buyer now receives $14,000 per month as a weekly rental property.