R T Statz Custom Homes - 7300 Shannon Dr

Raising 500k to fix and flip a home in Edina, MN at 7300 Shannon Dr.

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I am a general contractor focusing on high end single family fix and flips in the southwest metro of Minneapolis. I have been in business since 2007 and have annual gross revenue of 3.5 million. 

I am looking to raise 500k to fix and flip the property at 7300 Shannon Dr in Edina, MN.  Edina is a highly sought after neighborhood and school district.  This home has been on the market for over 160 days.  It is in a high end neighgborhood where property and home values range from 1.2 - 2 million dollars.  Here is the breakdown of project cost and estimatated ROI.  

Here are the details. 
7300 Shannon Dr

$625k purchase price
$400k reno budget
$1.025m total project

$1.4 ARV 
$80k Realtor fees
$1.025m investment
$295k profit before carrying costs


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