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Income Property: Sheri & Dan

Episode Theme: Sporting Income

Sheri and Dan need extra cash to pay for the extracurricular activities of their three young sons.  They want to provide the boys with challenging and rich experiences.

Design Theme: Suburban Dream

The Numbers

Purchase Price: $317,500

Realtor Appraisal: $400,000

Increased Property Value: $82,500

Chosen Renovation Option: $50,000 – Two bedroom apartment with large living room.  Anticipated rent of $800/month.

Alternate Renovation Option: $65,000 – Three bedroom apartment with open concept layout. Anticipated rent of $1000.

Estimated Monthly Rental Income: $900

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