Solid Flip in Port Charlotte
FlipForgePro Score
Rental Income
$2,000 mo. / $24,000 yr.
Investor Price
$214,900
Closing Costs to Buy
$7,000
Rehab Projection
$29,000
Utilities
$500
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,033 / yr.
Property Management
$2,400 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$19,067 Projected Income
7.58% Estimated APY
After Repair Value
$320,000
Investor Price
$214,900
Closing Costs to Buy
$7,000
Rehab Projection
$42,500
Utilities
$500
Closing Costs to Sell
$14,400
$40,700 Projected Income
14.57% Estimated ROI
Property Details
Don’t miss the chance to secure the lowest-priced home within a mile radius. This spacious block home features a valuable addition — a shed for extra storage. The A/C unit and water heater, both updated in 2018, are in great condition. Additionally, its proximity to a nursing facility indicates an uninterrupted power supply during storms and hurricanes. For enhanced value, we recommend modernizing the interior, including the flooring, kitchen, bathrooms, and appliances.
Our analysis of comparable sales in the area, supports a profitable after-repair value (ARV). We project a conservative ARV of $315,000, and robust rental comps at $2,000 per month. This opportunity won’t last long. Reach out to an EquityPro Advisor today to secure this investment.