Location: DeSoto, TX

Purchase Price: $173,500

Rehab Costs: $25,000

Sale Price: $235,000

Net Profit: $17,000

Return on Investment: 41%

Loan Structure: 12 months interest only

Loan Purpose: Property purchase and renovation

This three-bedroom, two-bath home in DeSoto, TX on a .44 acre lot had a ton of potential! In the kitchen, our client added granite countertops, updated cabinetry and hardware, and installed new stainless steel appliances, including a modern gas cooktop. With some fresh paint, updated light fixtures, new flooring, and light exterior renovations and landscaping, this home was flipped and sold in less than 5 months for $235,000! This property earned our client a 41.9% return on their investment, and over $17,000 net profit!