Off Market Waterfront Fixer Upper!

  • House
    3254 ft2
    bedroom 5 Bedrooms
    bathroom 4 Baths
  • Flip/Rental
    $320,000
    Status : Available
    Year Built : 1997
 Description
-$320k
-ARV: $550k+/-
-5bd/3.5ba 3254sqft
-Block/Wood Frame exterior
-City Water/Sewer
-Built 1997
-Market Rents $2500
-Roughly 500 ft down the canal to Kings Bay!-Sits on .33 acres
-Well over 100 feet of water frontage
-Rehab detail: $100k estimate for full rehab. Was being used as a duplex but city shut it down (un permitted) so rehab consists of turning back into SFH, landscaping, dock, and interior paint, flooring. Could increase ARV by adding a pool ($150k+/- rehab est w/pool)

Call/Email for more info!
 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
Off Market Waterfront Fixer Upper! Flip/Rental
$320,000
Property ID: FL190986269
Address: Login to View
City: Crystal River
State/Province: FL
Zip Code: 34428
Country: USA


Rental Analysis

+ Purchase Price: $320,000
+ Purchase Closing Cost: $9,600
+ Rehab Cost: $100,000
Total Acquisition Cost: $429,600


Monthly Rent: $2,500
+ Annual Potential Rent: $30,000
- Vacancy (3%): $900
Annual Gross Income: $29,100
Annual Gross ROI: 6.77%


Flip Analysis

+ Purchase Price: $320,000
+ Purchase Closing Cost: $9,600
+ Rehab Cost: $150,000
Total Acquisition Cost: $479,600


+ Selling closing cost: $16,500
+ Agent Commision : $16,500
Total Holding Cost: $33,000


Total Flip Cost: $512,600
Projected ARV: $550,000
Net Income (Profit): $37,400
CAP Rate: 7.3%

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