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 Quick & Easy Eustis Flip! 1229 Gray Ct

  • House
    1758 ft2
    bedroom 2 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    Status : Available
    Year Built : 1981
Quick & Easy Block Flip

1229 Gray Ct
Eustis, FL 32726

Price: $194,900

ARV: $300,000 +

Bedroom: 2
Bath: 2
Garage: 2 Car
Ext Const: Brick & Stucco
Built: 1981
Sqft: 1758
Ppsf: 111
Tax/Yr: $1666
Septic/Sewer: Septic
HOA: $280 per quarter
County: Lake

Property Description:  Rarely does a home in this desirable neighborhood come on the market.  In fact only two homes in Lake Joanna Estates sold in the last year.  This is a quick and easy flip that you can have back on the market in weeks, not months.  

Property Features Include:  Located on nearly a 1/2 acre lot in the desirable Lake Joanna Estates with only 45 other homes in this established, exclusive neighborhood. Just steps away from beautiful spring fed Lake Joanna's community ramp, covered boat house, beach and parking for your watersports toys.  HOA fees include water and irrigation from the community well.  2016 HVAC.

Flip Rehab:
New roof, interior/exterior paint, update bathrooms, open and update kitchen, stainless steel appliances, remove sliding glass doors, add HVAC ducts and vents to addition, and a landscape package.
 Rehab Work Needed
  • Bathroom
  • Kitchen
 General Amenities
Image Gallery


Quick & Easy Eustis Flip! 1229 Gray Ct Flip/Rental
Property ID: FL191037853
Address: Login to View
City: Eustis
State/Province: FL
Zip Code: 32726
Country: USA

Rental Analysis

+ Purchase Price: $194,900
+ Purchase Closing Cost: $5,847
+ Rehab Cost: $3,000
Total Acquisition Cost: $203,747

Monthly Rent: $0
+ Annual Potential Rent: $0
- Vacancy (3%): $0
Annual Gross Income: $0
Annual Gross ROI: 0%

Flip Analysis

+ Purchase Price: $194,900
+ Purchase Closing Cost: $5,847
+ Rehab Cost: $40,000
Total Acquisition Cost: $240,747

+ Selling closing cost: $9,000
+ Agent Commision : $9,000
Total Holding Cost: $18,000

Total Flip Cost: $258,747
Projected ARV: $300,000
Net Income (Profit): $41,253
CAP Rate: 15.94%


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