How a Port Jervis Flip Delivered a $100K Gain
If you had driven past 29 Thompson Street in Port Jervis, NY last fall, you probably would have kept going. The house looked worn down and dated—peeling paint, an old boiler hanging on in the basement, mismatched kitchen cabinets, and an exterior swallowed up by overgrown shrubs. For most buyers, it was a pass. But for the investor who bought it, it was an opportunity.
On October 18, 2024, the property was purchased for $155,000, with financing secured by loan officer Bill Koder. Backed by a rehab budget of $40,600, the plan was to strip away the neglect and reveal the home’s real potential.
The Transformation
Over the next few months, every inch of the property was touched:
Basement: Out went the outdated boiler, replaced by a modern system. The space was cleaned, utilities updated, and safety concerns addressed.
Living Room: Once stained and sagging, the ceilings were repaired, fresh paint brightened the walls, new floors were laid, and a chandelier added a touch of elegance.
Kitchen: The biggest transformation. The old, piecemealed cabinets and appliances were replaced with a full suite of modern stainless-steel appliances, new cabinetry, a backsplash, and durable tile flooring.
Exterior: Landscaping was trimmed, siding refreshed, and curb appeal brought to life, making the property inviting at first glance.
By March 1, 2025, the rehab was complete, and the difference was undeniable.
Pre-Rehab Condition
When the investor first stepped into 29 Thompson Street, it was clear the home had seen better days. The basement was cluttered, with an outdated boiler, exposed wiring, and evidence of years of neglect. The living room ceilings showed water damage and sagging plaster, while the floors were worn down to bare subfloor in places. The kitchen was a patchwork of mismatched cabinets and dated appliances that left the space feeling disjointed and tired. Outside, overgrown shrubs and faded siding gave the property a forgotten, “project house” look that would scare off most retail buyers.
Structurally, the bones were solid—but cosmetically and functionally, the house was far from move-in ready. It was exactly the kind of property that needed vision, a disciplined rehab plan, and the right financing partner to bring it back to life.
The Transformation
With a clear rehab plan and financing handled by loan officer Bill Koder, the team got to work. Over the next few months, every dollar of that $40K budget was stretched for maximum impact:
Basement: Outdated boiler replaced, space cleaned up, utilities modernized.
Living Room: New flooring, fresh paint, ceiling repaired, updated lighting fixtures.
Kitchen: Complete overhaul — new appliances, cabinets, backsplash, and tile flooring created a bright, modern hub of the home.
Exterior: Clean siding, trimmed landscaping, and refreshed curb appeal.
The rehab wrapped on March 1, 2025, and the transformation was undeniable.
The Payoff
On March 28, 2025, the property hit the market at $259,000—more than $100,000 above the original purchase price.For just over $40K invested, the project created a six-figure equity lift, proving how powerful disciplined rehab planning can be.
Lessons for Investors
Don’t fear distressed properties—they’re often the best margin-makers.
Build the right team—loan officers, contractors, and project managers are critical.
Let the numbers lead—in this case, $40,600 invested strategically generated a six-figure gain.
This project is a clear example of how the right system and financing can turn a neglected house into a market-ready success story.
Want to get involved?
Whether you want to fund your next flip or prefer passive, high-yield returns without lifting a hammer. Schedule a strategy call today and put your capital to work.
Marketing Generalist
As Marketing Generalist, Austin leverages an interdisciplinary skill set to produce video, written, and social content to move the needle on the SIC family of brands. An avid photographer and videographer, Austin combines his creativity with a technical mindset to produce high-level content that engages users and communicates our brand values.
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