Overview
This is a fix & flip project: we’ll purchase the home, complete a targeted renovation, and then resell it. This page is meant to show an example of the types of projects my partners and I work on—homes in established neighborhoods where there are opportunities to add value through specific improvements and strong execution.
If you have questions about my process for evaluating fix & flip projects like this (deal selection, rehab scope, budgeting, and timelines), please reach out!
The property
Address: 123 Main St, Los Lagos
Size: 2,862 sq ft
Setting: Los Lagos / golf-course community (established neighborhood)
Renovation Plan
This will be a light rehab, given that the property is already in pretty great condition; the plan will be to modernize the home and make it more worthy of folks who want to live on a beautiful golf course. Preliminary scope of rehab includes:
New roof
New HVAC system
New flooring
New countertops
Updated fixtures & lighting
General modernization to match top neighborhood comps
The numbers
Budget snapshot (estimates)
The following figures are preliminary estimates resulting from inspection reports and walkthroughs; these figures may change as the project progresses (e.g., final contractor bids, permitting, material availability, timeline changes, etc.):
Purchase: $210,000
Rehab: $76,000
Misc. Project Overruns: $10,000
Holding (~3 mo): $6k
Purchase & selling costs (agent + closing): $25k
Total project cost: $337k
Projected ARV: $360K
Estimated profit: $23K
Nearby comparable sales (for neighborhood context)
3530 Los Lagos (sold at $315K after 95 days)
2085 Trophy (sold at $330K after 17 days)
1816 Ector (sold at $415K after 254 days)
3106 Lago Ontario (sold at $425K after 50 days)
Some Photos
A bit dated, don’t you think? Could use some modernization.
Let there be light! Let’s add some light fixtures here… one bulb isn’t going to cut it.
Nice sized closet—we can work with that.
Stunning view of the golf course from the back patio.
See some more photos here.
Questions?
If you’d like to discuss this project, my underwriting approach, or future projects, just text me!
Important Disclosure
This page is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any security. Any offering, if made, would be provided only through definitive documents and only where lawful.
Real estate projects involve risk and outcomes are not guaranteed. Risks include (among others) construction/rehab overruns, delays, permitting/inspection issues, contractor performance, insurance/casualty losses, changes in financing conditions and interest rates, and changes in market conditions affecting resale price and time on market. Any budgets, timelines, or other forward-looking statements are estimates based on assumptions that may prove incorrect.
Sincerely,
Jonathan Osei-Owusu