House1

We co-invested in this 2-family luxury house in the center of Brookline, MA.

Project economics:

Purchase price – $1,045,000

($280,000 – equity and $765,000 – bank loan)

 

Total rehab cost – $750,000

($300,000 – equity and $450,000 – bank loan)

 

Sale price – $2,370,000 Return on equity – 19%