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3005 26th ST NE
WASHINGTON, DC 20018

This was a deal we acquired from a wholesaler. The property is located in a more suburban area of the city but the comparable sales were really high and really require high end finishes which made this project have a steep construction budget. We ended up cycling through 2 general contractors before deciding to start our own construction company to complete this project ourselves. It was a long road but the finished product and sales price can speak for itself!!
DEAL SUMMARY
PROJECT SUMMARY
BEFORE:
Purchase Price:
Closing Cost:
Points to Lender:
Repair Costs:
Loan Amount:
Total Mortgage Interest Paid:
Sale Price:
Project Term:
Total ROI to Investor:
Loan to Value (Risk):
$355,000
$16,816
$18,800
$170,000
$470,000
$106,925
820,000
21 Months
26.75%
57%
