(3rd Avenue)
THE WHAT + WHY
This home is has been owned by the home owner since. The owner has faced ongoing health issues since owning the home. Living on limited income, this home has slowly deteriorated. As home prices around this home sky-rocket so have property taxes, making it impossible fo the homeowner to maintainthe property.
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The plan with this home is to invest just enough resources to make critical repairs. Repairs that will allow this home to be mortgage eligible.
PROPERTY SPECS.
2,427 Sq/ft
4 beds
2 bath
PROJECT TYPE
Repairs: We will be making neccessary repairs that will make this home mortgage qualification ready
INVESTMENT NEED
Teal House Company: $80,000
Impact investors: $50,000
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TOTAL RENOVATION BUDGET: $130,000
PROJECTED WALK AWAY NUMBERS
We are projecting this home to sell at or around $450,000. No amount of return is gauranteed.
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Family (Homeowners): $150,000
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Teal House Company: $80,000 to recover renovation expenses
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Impact investors: $85,000 ($35,000 return)