Great Deal with Supportive Comps in Clearwater!

  • House
    1113 ft2
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $139,900
    Status : Available
    Year Built : 1967
 Description
Clearwater, FL 33755

Bedroom: 2
Bath: 1
Garage: 1 Car
Ext Const: Block
Built: 1967
Sqft: 1113
Ppsf: 121
Tax/Yr:
Septic/Sewer: Sewer
HOA: None  
County: Pinellas
Rent = $1200/ Month

ARV: $200K

Price: $139,900 cash or hard $ + all closing costs

Property Description: 
This potential packed off market deal is hard to pass up. With tons of comps in the area easily supporting a value around $200k, this deal presents an incredible opportunity to use this as a long-term rental or even a quick, cheap flip. With slightly smaller rehabbed homes selling over $200/sq, one is certain to make a sizeable profit on this deal.
 
Property Features Include: Sturdy and well-preserved roof (2011), well kitchen and bathroom, fenced in backyard and a fully intact central A/C unit.
 
Rent rehab: $15k-$20k
Interior/Exterior paint, update the kitchen and bathroom, new flooring throughout, new baseboards, minor cosmetics throughout and a landscape package. 
 Rehab Work Needed
 General Amenities
 Distance
Image Gallery

 Summary

Overview
Great Deal with Supportive Comps in Clearwater! Flip/Rental
$139,900
Property ID: FL19117356
Address: Login to View
City: Clearwater
State/Province: FL
Zip Code: 33755
Country: USA


Rental Analysis

+ Purchase Price: $139,900
+ Purchase Closing Cost: $4,197
+ Rehab Cost: $0
Total Acquisition Cost: $144,097


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


Flip Analysis

+ Purchase Price: $139,900
+ Purchase Closing Cost: $4,197
+ Rehab Cost: $20,000
Total Acquisition Cost: $164,097


+ Selling closing cost: $6,000
+ Agent Commision : $6,000
Total Holding Cost: $12,000


Total Flip Cost: $176,097
Projected ARV: $200,000
Net Income (Profit): $23,903
CAP Rate: 13.57%

 Message

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