Clearwater Flip Home | EquityPro
86
21.77% Estimated ROI
$158,000 Investor Price
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218 Rene Droz
179 Rusty Longaberger
210 Shakira Thompson
227 Shaun Rourke

Clearwater Flip Home

4 bed / 2 bath1,327 sq ft Built in 1971Single Family
View Map CARLTON TERRACE
1804 Carlton Dr. Clearwater, FL 33759
86
Quality of Comparables
Low High
19/20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
20/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
9/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This property features 4 beds, 2 baths, and an in ground pool in the backyard. It will need new floors throughout and a cosmetic rehab consisting of updates to Kitchen and bathroom. Roof will need to be replaced, and is budgeted in the rehab estimate. This area has seen a lot of recent activity. Comparable homes are selling around 180/sq ft. Most of the homes sold in this area and going under contract in less than a week! With a few upgrades, fresh paint, and some modern touches, this can become a perfect opportunity for any investor who is looking for a nice return. Great location right off highway 19, which makes a commute to Tampa or St. Pete very easy.

Contact your EquityPro Advisor for any additional information and to schedule a showing.

We recommend flip
Rental Income
$1,675 mo. / $20,100 yr.
Investor Price
$158,000
Closing Costs to Buy
$2,500
Rehab Projection
$10,000
Utilities
$250
Property Insurance
$1,000 / yr.
Estimated Taxes
$2,838 / yr.
Property Management
$2,010 / yr.
Maintenance
$250 / yr.
HOA Dues
$0 / yr.
$14,002
Projected Income
8.2%
Estimated APY
After Repair Value
$240,000
Investor Price
$158,000
Closing Costs to Buy
$2,500
Rehab Projection
$31,100
Utilities
$250
Closing Costs to Sell
$1,500
Listing Agent Commission
$3,750
$42,900
Total Projected Profit
21.77%
Estimated ROI

Comps

Listed
Pending
Sold
2712 KUMQUAT DR, CLEARWATER, FL 33759 $210,000
3 bed / 2 bath 1,166 sq ft Sold 03/10/17
2773 N TERRACE DR, CLEARWATER, FL 33759 $236,000
3 bed / 2 bath 1,319 sq ft Sold 02/14/17
2645 WOODRING DR, CLEARWATER, FL 33759 $190,000
3 bed / 2 bath 1,336 sq ft Sold 04/29/16
1745 EVANS DR, CLEARWATER, FL 33759 $193,800
2 bed / 1.5 bath 1,115 sq ft Sold 04/18/16
Flip Rehab Details
Grounds
Tree Trimming
$1,500.00
Exterior
Exterior Paint
$2,000.00
Pool
$1,000.00
Porch/Patio
$1,000.00
back patio
Roof
$7,500.00
Windows / Screens
$3,000.00
Systems
Inside Air Handler
$1,500.00
Electrical
$1,500.00
Interior
Interior paint
$1,500.00
Kitchen countertops
$2,000.00
Kitchen appliances
$3,000.00
Bathroom vanity
$1,000.00
Bathroom countertops
$1,600.00
Laminate flooring
$1,000.00
Drywall preparation
$1,000.00
Light fixtures/Outlets
$1,000.00
Rent Rehab Details
Grounds
Tree Trimming
$500.00
Exterior
Exterior Paint
$1,500.00
Pool
$1,000.00
Porch/Patio
$500.00
Systems
Electrical
$1,500.00
Interior
Interior paint
$1,000.00
Drywall preparation
$500.00
Kitchen appliances
$3,000.00
Light fixtures/Outlets
$500.00