Sweet Split Level

A Successful House Flip Completed By:

Austin Flipsters

Our sweet split-level project started out a little sour. We had to contend with an awkward layout, a nightmare contractor and a buyer that almost backed out at the last minute. But in the end we were able to make lemonade out of this lemon. We opened up the entry and main living spaces to give this split-level a more functional floor plan. It ended up being one of our favorite designs yet. Check it out!

Property Stats

1,774

Square Feet

3

Beds

2.5

Baths

1981

Year Built

Project Results

After Repair Value

$323,500

Purchase Price

$188,500

Renovation Costs

Medium Rehab

$63,200

Other Costs (buying, holding, selling)

Gross Profit

$71,800

$182.35

ARV $/sf

$35.62

Renovation $/sf

78.8%

Purchase % of ARV

22.2%

Profit % of ARV

*Note: Profit Results attributed to these businesses may be exceptional and should not be interpreted as common, typical or expected. Flipping houses is hard and involves very real risks of financial loss.