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%

AFTER:

CONTACT US

(301) 795-4272

8855 Annapolis Rd, Suite 201

Lanham, MD 20706

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