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Fix and Flip Kansas City Real Estate Case Study: Arroyo Project, Olathe KS

Fix and Flip Olathe KS

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.

 

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