Labor and Material Costs to Rehab the Small House The address is 27682 Timberwood Trails. It did not have an address until recently, we have just used the legal description. It was already there we just drew a lot around it.

Fix & Flip 90 day project

Current 480 sq ft Small & Affordable House.  When Finished it will be a 600 sq ft (full bath & office additions) affordable "small" home.

Current Address is

27682 Timberwood Trails

Lot 7; Block 33; Plat 5 Eagle Bay

Planned is a complete rebuild on a small very old house which has unique features that have attracted offers as high as $170,000, even though we have not begun the rehab.  There is no contract, but this is very attractive to the "outdoors, and rugged woods family, and as a short term rental for professionals who have chosen to work from home, and home is wherever  where they are.  Lake of the Ozarks short term renals have held their value or are increasing steadily.  There is a year round population of 92,000 and a summer average of 250,000.  It is a rugged area, but with a big city infrastructure.   

We will spend $72,000 to totally rebuild this small house.  We will add a sale of the lot for $15,000 to build the value of the remaining 108 Ready-To-Build new home lots we have purchased or have contracts on.

  

There is no cost to purchase or refinance this house because there is no debt on this property.  There is    Any Price above the rehab loan of $72,000 is profit that can be used to start new construction or pay down the Rehab loan, or both.

At the moment I am thinking about keeping this as a short and midterm rental and borrowing the $72,000 owed to the rehab loan from a lender who has assured me that if we can prove we have a renter, they will make the loan.

The two homes are contiguous with each other and we have eight more free and clear ready to build lots contiguous these two homes.  

Estimated Total Cost Total Rehab of Eagle Bay Small House at  27682 Timberwood Trails is $72,000.

We will spend $72,000 to totally redo this small house.  There is no cost to purchase or refinance house because there is no money owed on this property.  There is no current debt on this house.  The two homes are contiguous with the each other and we have eight more free and clear ready to build lots next to these two homes.

Estimated Cost Total Rehab of Eagle Bay Small House at 27682 Timberwood Trails 

Current 400 sq ft  When Finished  600 sq ft (full bath & office additions)

Description	Scheduled Cost	Labor	Material	Actual Cost	Sub
Closing Costs	N/A			TBD	Pinnacle
Attorney Fee	0.00			TBD	Elizabeth Marr
Insurance	700			TBD	Turner
Architect	500			TBD	Gerald Ford
Survey/Engineer	500.			TBD	Borden/Sullivan
Permits	0.00			N/A
Excavation	200.00			TBD	SLS & Blvd
Gravel	300.00			TBD	Barber & Sons
Footings/Foundation	700 (bathroom)			TBD	Strate & SLS
Concrete	500.			TBD	Whistle
Lumber	5,000			TBD	McCray & Owen
Rough In	2,000			TBD	John Palomo
Windows	1,300			TBD	McCray
Roofing	1,800			TBD	Owensby
Plumbing Rough In	2,500			TBD	Strate
Electrical Rough In	1,500			TBD	Jess & Moyer
HVAC	2,000			TBD	Comfort Systems
Insulation	800			TBD	Owen
Drywall	4,600			TBD	Boulevard
Trim/Millwork	1,000			TBD	McCray
Cabinets/Tops	2,500			TBD	McCray
Garage Door	0.00			0.00	Roll Rite
Finish Carpentry	800			TBD
Painting	1,200			TBD
Siding	3,700			TBD	Heartland Stucco
Flooring	2,400			TBD
Gutters	500			TBD	James Stewart
First Clean	280
Electrical Finish	1,000			TBD
Hardware	392			TBD
Shower/Mirrors	500
Vanity Tops	500
Appliances	2,000
Final Grade	200
Landscaping	500
Final Clean	250				Blvd
Lot Cost Misc	0.00			0.00	/ORI
Contingencies
Utilities	500				West Central
Temporary Power	275				West Central
Interest	3000				Pinnacle
Supervision/Overhead	4,000				Blvd
600 sq ft Current Loan Total Rehab Plus Free & Clear Lot Total Rebuild	No Current loan Free & Clear 72,000 <12,000>	SELLING PRICE Lot Prepaid Proceeds from sale	150,000 <$ 12,000> $78,000	PROFIT	$82,000 in 45 days 78,000

Home prices have gone up consistently with the rest of the country.  Yes there are comparables.