LeadBasement finish + refresh20260519-610-e-geddes-ave
610 E Geddes Ave
Remodeled Sale Price
$876.1K
est · unverified
List
$624.9K
Reno
$177.8K
Gross profit
$411.4K
5 bd
3 ba
1,303 sqft above grade
1,052 unfinished basement
Built 1963ranchfamily lenderRead
5-bed / 3-bath / 1963 / ranch in Centennial 80122. Archetype-fit score 100 out of 100, modeled deal score 93.0. Recommended play: basement finish + refresh under family lender, projected $411.4K gross profit over 4.5 months at 8879% annualized.
Reno progress
Key dates
- First seenMay 19
- Offer submitted—
- Under contract—
- Closed—
- Construction start—
- Construction complete—
- Listed—
- Sold—
Money snapshot
List price
$624,900
Est. purchase
$593,655
modeled 5% under list
Reno budget
$177,777
$148.1K – $217.4K band
Remodeled Est. Sale Price
$876,114
$843.1K – $877.1K band
Gross profit
$411,365
47.0% of resale · est · unverified
ROI (ann.)
8879%
over 4.5 mo
Family interest
$27.1K
retained in household P&L
Deal score
93.0
0-100, weighted profit + ROI + velocity
Next inspection
Nothing scheduled yet.
Deal grid
Recommended play
Scope
Basement finish + refresh
Financing
Family lender
Gross profit
$411.4K
ROI (ann.)
8879%
pre-1978 (lead-paint + possible asbestos)
Comps preview
3 comps, 56% confidence · median $/sqft = $360
$876,114
Recommended scope
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Due diligence
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Inspection questions
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Deal economics
Market $/sqft (renovated)375
Pat — interest rate9%
Pat — profit share50%
Income tax rate38%
Remodel tier — tap to model
Moderate Flip — full waterfall
7 mo total (1 close · 4 reno · 2 listing)
Suggested sale price$488,625
− Outside selling costs (3% buyer agent + 1% closing)-$19,545
= Net sale proceeds$469,080
− Purchase price-$624,900
− Acquisition closing + CO doc fee-$6,311
− Renovation-$123,785
− Pat's interest (carry)-$33,975
− Property tax + insurance + utilities (hold)-$3,693
= Gross profit-$323,585
Pat (investor)
Pat pockets
-$127,818
Capital deployed$754,996
Interest earned$33,975
Profit share (50%)-$161,792
− Income tax on share-$0
Return on capital-16.9% (-34% ann.)
John & Sophia
John & Sophia household
-$150,065
Profit share (50%)-$161,792
− Income tax on share-$0
= Operator profit (after tax)-$161,792
+ Sophia listing commission (retained)$11,727
Estimates only. Flip profit is ordinary income (dealer property) — not capital gains, and a 1031 exchange does not apply. Income tax shown is a single blended rate; set it to your real federal + CO 4.4% + SE-tax bracket. Colorado has no state real-estate transfer tax (only a $0.01/$100 documentary fee). Confirm structure + tax with your CPA.