Bournemouth Flip
21673 Bournemouth — Harper Woods — Detroit
Strategy: Full rehab retail flip
We acquired this property off-market for $30,000, executed a full renovation, and brought it to top retail standards. The total all-in cost, including fees and closing expenses, came to $94,189. The property sold for $144,500 after 220 days on market and construction, generating a net profit of $32,303.
Despite a longer hold, the project delivered a 34% ROI and an annualized IRR of 63%, exceeding benchmarks. All investor capital was secured with a first-position lien and returned with profit at close.
Deal Snapshot
Purchase Price: $30,000
Renovation Budget: $42,500
Developer & Acquisition Fee: $15,500
Total Cost (incl. closing): $94,189
Sale Price: $144,500
Net Proceeds: $126,492
Net Profit: $32,303
Hold Time: 220 days
ROI: 34%
IRR (Annualized): 63%
Turnkey Flip – Strong Performance, Secured Investment
We found the deal, negotiated the buy, managed a top-shelf renovation, and delivered a polished product that sold fast at nearly $15K over pro forma. The project took five weeks longer than projected, which isn’t uncommon in this asset class, but the higher sale price more than made up for it. Every partner made money and the exit was clean.
For deals like this, investor capital covers the front-end acquisition, closing costs, and fees. Rehab is funded through draws, and the investment is secured with a first-position lien on the property. The investor is protected and passive—we do the hunting, managing, and selling. Investor gets a professional-grade return with peace of mind.
How It Worked – Investor Sequence
We sourced the deal — Off-market acquisition with strong upside.
Investor funded the front end — Deposit, purchase price, closing costs, and startup fees.
Investor capital was secured at closing — First-position mortgage/lien recorded.
We managed the rehab — Draw-based funding with investor oversight.
We finished and marketed — Top-quality product, professionally staged and priced right.
We closed the sale — Everyone got paid, returns distributed directly at closing.
The Finished Rehab
