House3

We co-invested in this 1-family luxury house in Newton, MA.

Project economics:

Purchase price – $850,000

($350,000 – equity and $500,000 – bank loan)

 

Total rehab cost – $670,000

($200,000 – equity and $470,000 – bank loan)

 

Sale price – $1,840,000 Return on equity – 15%