The Cat House

A Successful House Flip Completed By:

Austin Flipsters

The Cat House project located in South Austin definitely needed a face lift to shed it's 1970's cat-lady vibe. New floors, windows, roof, a fireplace makeover and a complete kitchen remodel turned this house from CATastrophe to the cat's meow.

Property Stats

1,260

Square Feet

3

Beds

2.0

Baths

1979

Year Built

Project Results

After Repair Value

$360,000

Purchase Price

$232,000

Renovation Costs

Medium Rehab

$67,000

Other Costs (buying, holding, selling)

$14,500

Gross Profit

$46,500

$285.71

ARV $/sf

$53.17

Renovation $/sf

83.05%

Purchase % of ARV

12.91%

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.