OFF-MARKET Daytona Beach Flip With HUGE Equity Under 75K

  • House
    1591 ft2
    bedroom 4 Bedrooms
    bathroom 2 Baths
  • Flip
    $74,900
    Status : Available
    Year Built : 1966
 Description
Are you ready for the busy summer season? This property is the perfect opportunity to take advantage of the upcoming summer buying season. The property is in need of a complete rehab but with over 90K in equity it is a perfect opportunity for a grand slam. With similar renovated comps selling in under 40 days this area is extremely desirable for first time home buyers.
 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
OFF-MARKET Daytona Beach Flip With HUGE Equity Under 75K  Flip
$74,900
Property ID: FL190473288
Address: Login to View
City: Daytona Beach
State/Province: FL
Zip Code: 32114
Country: USA


Flip Analysis

+ Purchase Price: $74,900
+ Purchase Closing Cost: $2,247
+ Rehab Cost: $50,000
Total Acquisition Cost: $127,147


+ Selling closing cost: $4,950
+ Agent Commision : $4,950
Total Holding Cost: $9,900


Total Flip Cost: $137,047
Projected ARV: $165,000
Net Income (Profit): $27,953
CAP Rate: 20.4%

 Message

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