The Mystery House

A Successful House Flip Completed By:

Austin Flipsters

We bought this South Austin property sight unseen. It was a bit of a gamble. This house had a host of layout issues including but not limited to-akward bedroom access, lack of a second full bathroom, a weird master bathroom and low ceilings in the kitchen. It also needed lots of cosmetic updates (including removing floral carpet from the kitchen). Watch our full before and after episode to see how we transformed this space.

Property Stats

1143

Square Feet

3

Beds

2.0

Baths

1973

Year Built

Project Results

After Repair Value

$349,000

Purchase Price

$235,000

Renovation Costs

Medium Rehab

$48,000

Other Costs (buying, holding, selling)

$17,000

Gross Profit

$49,000

$305

ARV $/sf

$41.2

Renovation $/sf

81%

Purchase % of ARV

14

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.