Single-Family House Flip

Acquired distressed, fully renovated, sold at retail. 3 bed / 2.5 bath on 0.80 acres. ~2.2× cost basis at sale.

Asset Type

Single-Family Residential — Upstate New York

Configuration

3 bed · 2.5 bath · 0.80 acres

Condition at Acquisition

Distressed · full renovation required

SUNdhm Role

Acquisition, renovation & resale

Situation

Distressed single-family home, off-market acquisition. Sound bones, dated finishes, deferred maintenance throughout. Strong submarket comps supported a full retail repositioning.

Strategic Interventions

Disciplined acquisition. Closed at $49,500 — well below comp-supported ARV.
Full renovation. Kitchen, baths, flooring, paint, mechanicals, exterior — $53,300 scope, fixed budget.
Retail-grade finish. Spec aligned to buyer expectations in the price band, not investor-grade.
Tight project control. Single GM, weekly draws, no scope creep.
Listing strategy. Professional photos, staged key rooms, priced to comps.

Results

Purchase price: $49,500
Renovation cost: $53,300
All-in basis: $102,800
Sale price: $229,000
Gross profit: $126,200
Gross ROI on cost: ~123%

Outcome

Acquired, renovated, and sold at retail. Returned ~2.2× the all-in basis. Well above national flip ROI benchmarks (typically high-20s percent gross).

Relevance

Applicable to distressed single-family acquisitions in secondary markets where disciplined underwriting, fixed-scope renovation, and retail-grade finish drive outsized spreads at exit.