Sorrento Duplex Flip

Project: 15361 Sorrento - Bethune - Detroit

Strategy: Arbitrage via Wholetail flip

Purchase Price: $37,000

Improvements: $930

Sale Price: $73005

Gross Profit: $35,075

Net Proceeds (10% sales costs): $65,705

Net Profit: $27,775

Timeframe: 52 days

ROI: 73%

IRR: 5531% (annualized)