House 2

We co-invested in this 1-family luxury house in the center of Brookline, MA.

Project economics:

Purchase price – $845,000

($400,000 – equity and $485,000 – bank loan)

 

Total rehab cost – $700,000

($300,000 – equity and $400,000 – bank loan)

 

Sale price – $2,100,000 Return on equity – 22%