Currently doing a rehab in San Antonio Texas for one of my Aussie investors and thought I’d share the numbers with you.Interested to see how they stack up for you.
Rehab project currently under way for an Australian client.We are turning it into two separate 2 bedroom units.
PURCHASE PRICE: $49KUSD
REHAB COSTS: $13K USD
TOTAL: $62K USD
RENTAL COMPS: $550USD per month each.
Total Rent: $1100 per month USD.
Expected appraised value:$75kUSD
We are focussing on the rehabs on the east side of town.You can pick up really good deals and do quite well if you have a good construction crew.