How Much Rent Can I Get With Just A $10K Remodel?

This project was a true budget heavy adventure. We stayed under the $10k max budget but was able to put in enough sweat equity alongside that money to bump up the rent another $200 PLUS own a home that I can be proud of.

We put in a lot of quality work to make this place clean, safe, and quite a bit cozier than what it was. Some viewers may disagree with this practice and would prefer the $1,400 budget friendly home, and that's okay. My preference is to move up from worn down homes and of course make a little extra on top.

From new paint, appliances, floors, electrical, doors, this home has the basics... but wait, there's more! I added a pop of design with cased ceiling beams in the bathroom, beadboard ceilings, glazed sinks, oven backsplash, freshly painted bathroom vanities, and so much more!

Finances:
House was listed: $195k
Purchase Price: $182k cash
Closing Costs: $1k
Remodel Costs: $11k
All in Cash: $193k
Rent: $1,600
Monthly Exp: $165
Monthly Management: $128
Monthly PROFIT: $1,307
8%+ Cash on Cash ROI

With another $20k someday, we can update the kitchen, both bathrooms, and some touch up stuff. The home fully finished is worth about $270k right now. That'd be a $60k gain in less than a year + our rent income.



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#houseflipping #diy #rentalproperty

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