The Dance Hall

A Successful House Flip Completed By:

Austin Flipsters

We took this 1960’s ranch-style house down to the studs for a complete renovation. We spent $81,000 to fix the foundation, add a new roof and privacy fence, a designer kitchen and bold master bath. We are hoping that all these upgrades take away from it's location on a busy street and proximity to commercial buildings.

Property Stats

1,391

Square Feet

3

Beds

2.0

Baths

1968

Year Built

Project Results

After Repair Value

$485,000

Purchase Price

$315,000

Renovation Costs

Heavy Rehab

$81,000

Other Costs (buying, holding, selling)

$19,000

Gross Profit

$70,000

$349

ARV $/sf

$58.23

Renovation $/sf

81.6%

Purchase % of ARV

14.4%

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.