19th Place SE, Washington, DC

Monterey Circle, Fort Washington, MD was a single-family detached house in a country club community outside of DC. This executive style house was approximately 6500 square feet. It was a “short-sale” and had severe basement mold and water damage. Here are the numbers.

  • $401,000

    Purchase Price (Cash Purchase)

  • $121,000

    Renovation Costs

  • $3,000

    Holding Costs

  • $789,000

    Resell Price

  • $264,000

    Net Profit

  • Approx 5 months

    Time Frame