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Income Property: Caitlyn & Ron

Episode Theme: Mission: Independence 

Caitlyn needs to renovate and rent her waterfront home in order to set herself up for long term financial independence.

Design Theme: Country Comfort

The Numbers

Purchase Price: $286,000

Realtor Appraisal: $375,000

Increased Property Value: $89,000

Option 1: $45,000 -Gut and install brand new kitchen, new floors throughout, bathroom transformation and bedroom refresh. Living and dining areas will get furnishings plus new wood stove. Estimated rent of $1,200/week in the high season ($4,800/month).

Option 2:*CHOSEN* $65,000 -All of option one plus an improved layout in the kitchen. Expand master bedroom and add fireplace. Estimated rent of $1,500/week in the high season ($6,000/month).

Estimated Weekly Income: $1,600 in the high season ($6,400/month).

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