The Lady Bird House

A Successful House Flip Completed By:

Austin Flipsters

Meet Lady Bird. This 1970's Ranch House needed a major face-lift to bring it back to its former glory. We had a little bit of everything with this one-foundation work, a new roof, all new kitchen and baths. Using our favorite grey/white color combo we were able to make this regal lady shine.

Property Stats

1,335

Square Feet

3

Beds

2.0

Baths

1973

Year Built

Project Results

After Repair Value

$373,000

Purchase Price

$230,000

Renovation Costs

Heavy Rehab

$60,000

Other Costs (buying, holding, selling)

$20,500

Gross Profit

$62,500

$279

ARV $/sf

$44.9

Renovation $/sf

77.7%

Purchase % of ARV

16.8%

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.