Riverview Flip Built in 2000 | EquityPro
84
20.59% Estimated ROI
$244,900 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

Riverview Flip Built in 2000

4 bed / 3.5 bath3,201 sq ft Built in 2000Single Family
View Map Lake St Charles
7216 Colonial Lake Drive Riverview, FL 33578
84
Quality of Comparables
Low High
12/20
Level of Rehab
Heavy Light
16/20
Location of Neighborhood
Far Close
19/20
Quality of Floor Plan
Choppy Flowing
20/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
9/10
Property Details

This 4 bed, 3.5 bath home built in 2000 needs some TLC but has great bones. This property is situated in the Lake St Charles Neighborhood, which has experienced an 8% average median price increase in the last 12 months. This home is located within minutes from major roadways, dining, and entertainment, and offers a split floor plan, large formal dining area, and a living room with bamboo wood floors. Other features of this property are a very large family room and kitchen with an open floor plan, as well as an in-ground pool. The large bonus room on second floor could be used for entertaining or an office. The home features an extended covered patio and is wired for out door kitchen and no rear neighbors. The large back yard is fenced in and has mature landscaping. Located within minutes from interstates and highways as well as dining and entertaining, this home makes a great flip that will not last long. Call your EquityPro Advisor today for more details.

We recommend flip
Rental Income
$2,300 mo. / $27,600 yr.
Investor Price
$244,900
Closing Costs to Buy
$7,000
Rehab Projection
$16,200
Utilities
$500
Property Insurance
$1,000 / yr.
Estimated Taxes
$6,532 / yr.
Property Management
$2,760 / yr.
Maintenance
$200 / yr.
HOA Dues
$135 / yr.
$16,973
Projected Income
6.32%
Estimated APY
After Repair Value
$359,000
Investor Price
$244,900
Closing Costs to Buy
$7,000
Rehab Projection
$32,300
Utilities
$500
Closing Costs to Sell
$5,000
Listing Agent Commission
$8,000
$61,300
Total Projected Profit
20.59%
Estimated ROI

Comps

Listed
Pending
Sold
9731 Bay Colony Dr; Riverview, FL 33578 $282,000
4 bed / 3 bath 2,411 sq ft Sold 05/27/16
7220 Bucks Ford Dr; Riverview, FL 33578 $295,000
4 bed / 3 bath 2,496 sq ft Sold 07/19/16
6616 Waterton Dr; Riverview, FL 33578 $329,900
5 bed / 3 bath 3,272 sq ft
Flip Rehab Details
Grounds
Lawn/Mulch beds
$2,000.00
Trash removal
$500.00
Dumpster Rental
Exterior
Exterior Paint
$2,500.00
Pool
$3,000.00
Interior
Interior paint
$3,500.00
Carpet
$2,500.00
Tile flooring
$5,000.00
Kitchen cabinets
$5,000.00
Kitchen countertops
$2,500.00
Bathroom vanity
$1,000.00
Bathroom countertops
$1,300.00
Kitchen appliances
$2,000.00
Other
$1,500.00
Misc. Rehab Costs
Rent Rehab Details
Grounds
Trash removal
$500.00
Dumpster Rental
Exterior
Exterior Paint
$3,200.00
Pool
$3,000.00
Interior
Interior paint
$3,500.00
Carpet
$3,000.00
Kitchen appliances
$1,500.00
Other
$1,500.00
Misc Rehab Costs