Arroyo was an Olathe fix and flip rehab in the Fall of 2015. New roof, full paint inside and out. Added granite in kitchens and all baths, all new fixtures and outlets. Unfinished basement we white box finished along with the garage.
Olathe Real Estate Fix & Flip Challenges
Biggest Challenge: Driveway had a lot of slope and backyard had a large negative grade toward the house but did not need Kansas City mudjacking services. Overcame with tree trimming, a new retaining wall with french drain, added a rock patio with fire pit. Basement was unfinished and financials did not allow a finish to maintain margin.
Financial Overview:
Purchased 153,300
Labor, Materials, Insurance 35,000
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Total 188,300
Sold 223,000
Fees 20,000
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Net Sale 203,000
Net Profit 14,700
ROI 7.8%
Olathe Fix and Flip Kansas City Real Estate Case Study Summary
Summary: We spent a bit extra making the back yard more family friendly. Not a step we typically take, but as a volume fix and flip firm we don’t want to sit on our investments, we felt it was necessary to make the extra rehab features to move the property quickly. Sold in 19 days.
About KC Property Guys
KC Property Guys is a Kansas City local turnkey real estate investment firm. We work with home owners and real estate investors alike specializing in traditional and creative housing solutions for home owners and all in one business is a box investment programs for investors. Free home owner home valuations and investor consultations. Information (913) 730-0086. Contact KC Property Guys today!
