Rental House Renovation in 2020 (Property Rehab) - We Bought a Rental Site Unseen [Part 3 - Final]
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The YouTube video is a final walkthrough of a rental rehab in St. Louis, Missouri. The house has undergone a complete renovation, with new features and upgrades throughout. The exterior of the house has yellow siding that was going to be painted, but they decided to replace it with new siding for $500. The roof is brand new with architectural shingles and a 30-year guarantee. The backyard has been cleaned up, and the fence line has been cleared. Inside, the kitchen has 42-inch gray cabinets, a subway tile backsplash with gray grout, granite countertops, and brushed nickel hardware. The bedrooms have new outlets, floors, baseboards, and closet doors, as well as a smoke detector and brand new floor registers. The bathroom has also been completely replaced, with new tile around the shower valve, a new toilet, vanity, mirror, and light. The total cost of the renovation was around $22,000, and the team hopes to rent the property for $1,400 per month, with a cash flow of around $200 per month. The team used the BRRRR method to finance the renovation, which allowed them to create instant equity without using their own money. The house is expected to appraise for around $150,000 to $155,000, which is $30,000 to $40,000 more than the total investment. The team invites viewers to subscribe, like, and share their content and asks for comments on how long similar renovations typically take.
The YouTube video is a final walkthrough of a rental rehab in St. Louis, Missouri. The house has und