Example Flip
"Base hit" - older home in the exurbs of Memphis that needed a lot of work
1455 Canadaville Loop Eads, Tennessee 38028
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None Beds
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4.2 Baths
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2,348 Sqft
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17.91% Annualized ROI
Results
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Source
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Foreclosure
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Purchase Price
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$176,401
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Renovation Costs
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$63,636
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Development Fee
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$3,500
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Total Basis
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$243,537
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Purchase Date
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11/15/17
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Days Owned
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258
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Sales Price
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$295,000
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Closing Costs
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($14,750)
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Cost Basis
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($243,537)
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Soft Costs
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($5,888)
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Gross Profit
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$30,825
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