Daytona Beach Home Flip! - Amazing ROI opportunity

  • House
    1 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $199,900
    Status : Sold
    Year Built : 1973
 Description
Property overview, spend the day at the Halifax river or enjoy some time at the beach, this property gives the best of both worlds. Just a short walk to the beach, waterfront dining at Boondocks as well as the marina. You truly cannot beat this location and with a little vision this home has amazing potential to be the beach side home of your dreams. With prices in the area are selling for an average of $310k , you have the opportunity to make this yours at $199, with a conservative after repair value of $300k+

Property Features include, this 3/2 block home comes with a sturdy 6 year old roof, and a fully intact central A/C system 2 years old . The yard is also beautifully landscaped

Flip rehab 20k-25K, flooring, paint, fixtures, kitchen, replace some windows, bathrooms, garage, outside window ledge damage, miscellaneous is recommended. 

Call or Text ANYTIME, Any Day. 352-448-9023
 Rehab Work Needed
  • Bathroom
  • Floor
  • Kitchen
  • Paint Interior
  • Parking
 General Amenities
 Distance
  • Beach : 2 Minutes

 Summary

Overview
Daytona Beach Home Flip! - Amazing ROI opportunity Sold
$199,900
Property ID: 5b78311f709e2
Address: Login to View
City: Venice
State/Province: FL
Zip Code: 32127
Country: USA


Flip Analysis

+ Purchase Price: $199,900
+ Purchase Closing Cost: $3,998
+ Rehab Cost: $25,000
Total Acquisition Cost: $228,898


+ Selling closing cost: $15,000
+ Agent Commision : $18,000
+ Insurance (6 Months) : $600
Total Holding Cost: $33,600


Total Flip Cost: $262,498
Projected ARV: $300,000
Net Income (Profit): $37,502
CAP Rate: 14.29%

 Message

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