East Austin Bungalow

A Successful House Flip Completed By:

Austin Flipsters

The East Side of Austin is booming. It seems like there's a new condo going up daily and a trendy chicken place on every corner of this rapidly gentrifying area. Our charming craftsman is located in Boggy Creek an area just East of Downtown. Homes in the area are rapidly appreciating and developers have started to put two homes on a lot. In fact the buyers of our home added a "b" unit to the backyard of this property. This was a fun one design-wise-check it out!

Property Stats

1,048

Square Feet

2

Beds

2.0

Baths

1990

Year Built

Project Results

After Repair Value

$415,000

Purchase Price

$260,000

Renovation Costs

Medium Rehab

$75,000

Other Costs (buying, holding, selling)

Gross Profit

$80,000

$396

ARV $/sf

$71.6

Renovation $/sf

80.7%

Purchase % of ARV

19.3%

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.