Our First Project

Along with 720 Westover, this property was the first purchase for the JJC Properties portfolio. Originally bought in 2007 with a tenant in place, this investment was held as a single-family rental until it was sold in 2016 to a homebuyer after a substantial renovation.

Details

Located in Richardson (Dallas), TX it was originally purchased for $115,000 in 2007 and then sold for $217,000 in 2016. It was rented to a long-term tenant until the renovation started.
 

Financials

Purchased: $115,000

Rehab: $55,000

Soft Costs: $11,000

Total Cost: $181,000

Sold: $217,000

Realized Profit: $36,000