Canines to cash flow
This small building was part on a large 4 acre property purchased in late 2019. It was originally a dog kennel and was turned into a studio for an esthetician. Stripped completely down this was a fun project that added $800 of cash flow to the property.
The Math
Purchase: This was included with a larger purchase of land
Rehab: $11,000. This included gutting the entire inside of the building, replacing both windows, all new insulation, leveling the floor, installing wood plank ceiling, walls, new electric, and LED lighting around the ceiling trim.
Returns: Received $800 / month in rent from an esthetician. 87% Cash on cash return.