Lake County Canal Front Flip | EquityPro
81
30.68% Estimated ROI
$79,900 Investor Price
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91 Ben Yonge
104 Bob Tosi
230 Brandon Jenkins
198 Cesar Sagastume
228 Chris Chuck
199 David Sheehan
105 Jason Bobbitt
211 Jeremy Howells
107 John Barber
203 Jonathan Rokh
196 Josh Black
208 Mike McKernan
218 Rene Droz
179 Rusty Longaberger
223 Ryan Akers
210 Shakira Thompson
227 Shaun Rourke

Lake County Canal Front Flip

4 bed / 2 bath2,136 sq ft Built in 1978Single Family
View Map Venetian Village
27744 Lisa Drive, Tavares, FL 32778
81
Quality of Comparables
Low High
18/20
Level of Rehab
Heavy Light
17/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Take a look at this very solid flip opportunity. This is a 4 bedroom, 2 bathroom home with 2,136 square feet of living space. The home sits on a canal which leads to Lake Beauclair with access to the Harris Chain of Lakes. The home appears to have settlement issues that may need to be addressed. The home will also need basic updating and repair to bring the property to it's market potential. There are very strong retail comps in this area making the property an ideal flip for investors looking for a higher ROI. Contact your Equitypro Advisor for more details on this deal.

We recommend flip
Rental Income
$1,000 mo. / $12,000 yr.
Investor Price
$79,900
Closing Costs to Buy
$2,500
Rehab Projection
$43,000
Utilities
$0
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,041 / yr.
Property Management
$1,200 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$8,259
Projected Income
6.59%
Estimated APY
After Repair Value
$210,000
Investor Price
$79,900
Closing Costs to Buy
$2,500
Rehab Projection
$69,500
Utilities
$0
Closing Costs to Sell
$2,500
Listing Agent Commission
$6,300
$49,300
Total Projected Profit
30.68%
Estimated ROI

Comps

Listed
Pending
Sold
28448 Tammi Drive $230,000
3 bed / 2 bath 1,765 sq ft Sold 04/21/17
27850 Lois Drive $230,000
4 bed / 3 bath 2,524 sq ft Sold 04/28/17
28823 Tammi Drive $136,401
3 bed / 2 bath 1,624 sq ft Sold 04/26/17
Flip Rehab Details
Grounds
Lawn/Mulch beds
$1,000.00
Exterior
Roof
$10,000.00
Foundation
$28,000.00
Windows / Screens
$3,000.00
Interior
Interior paint
$1,500.00
Kitchen appliances
$2,500.00
Kitchen cabinets
$5,000.00
Kitchen countertops
$2,000.00
Hardwood flooring
$8,000.00
Light fixtures/Outlets
$1,000.00
Miscellaneous hardware
$500.00
Bathroom vanity
$7,000.00
Full update of both bathrooms
Rent Rehab Details
Exterior
Roof
$12,000.00
Foundation
$28,000.00
Interior
Interior paint
$3,000.00