Location: Richardson, TX

Purchase Price: $309,400

Rehab Costs: $75,000

Sale Price: $500,000

Net Profit: $57,000

Return on Investment: 92%

Loan Structure: 6 Month Interest Only

Loan Purpose: Property Purchase and Renovation

This completely remodeled home in Richardson sold in just one weekend for the full asking price, showing us that the market is still strong…as long as the property is remodeled nicely and priced correctly! With white oak colored floors, white walls and light finishes throughout, this 3 bedroom, 3 bathroom home sold for $500,000!