Seminole Heights (Tampa) Flip | EquityPro
86
21.21% Estimated ROI
$145,000 Investor Price
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Seminole Heights (Tampa) Flip

3 bed / 1 bath1,033 sq ft Built in 1943Single Family
View Map Seminole Heights - Hampton Terrace
1426 E Mohawk Avenue Tampa, FL 33604
86
Quality of Comparables
Low High
19/20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
18/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
9/10
Property Details

Price Reduced, Now $145,000

Newly available solid brick home in the heart of Seminole Heights. The property is currently in move in ready condition however, with a little bit of rehab work, this property can become an amazing flip. This property features hard wood flooring, a fenced yard, and great potential. Easy access to downtown, Ybor City, USF, Park Zoo, Busch Gardens, Adventure Island, I 275, and all of the fine dining and shopping Seminole Heights has to offer. Call your EquityPro Adviser today to see this gem before it is gone. Click the link below for more information regarding the Seminole Heights area.

http://www.tampabay.com/things-to-do/food/dining/tampas-seminole-heights...

We recommend flip
Rental Income
$1,300 mo. / $15,600 yr.
Investor Price
$145,000
Closing Costs to Buy
$4,500
Rehab Projection
$2,000
Utilities
$500
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,537 / yr.
Property Management
$1,500 / yr.
Maintenance
$200 / yr.
HOA Dues
$0 / yr.
$11,363
Projected Income
7.48%
Estimated APY
After Repair Value
$230,000
Investor Price
$145,000
Closing Costs to Buy
$4,500
Rehab Projection
$29,000
Utilities
$500
Closing Costs to Sell
$4,300
Listing Agent Commission
$6,450
$40,250
Total Projected Profit
21.21%
Estimated ROI

Comps

Listed
Pending
Sold
1402 Idlewild Ave Tampa, FL 33604 $237,000
2 bed / 2 bath 1,162 sq ft Sold 11/18/16
1024 E Comanche Ave Tampa, FL 33604 $235,000
2 bed / 1 bath 1,174 sq ft Sold 03/23/17
1218 E Henry Ave Tampa, FL 33604 $225,500
2 bed / 2 bath 1,008 sq ft Sold 01/24/17
Flip Rehab Details
Grounds
Lawn/Mulch beds
$1,500.00
Landscaping
Trash removal
$500.00
Dumpster Rental
Exterior
Roof
$7,000.00
Replace Roof
Interior
Interior paint
$1,500.00
Interior Paint
Hardwood flooring
$4,500.00
Refinish Hardwood Floors
Kitchen cabinets
$3,000.00
Update Kitchen Cabinets
Kitchen countertops
$2,500.00
Update Kitchen Counters
Bathroom vanity
$500.00
Update Bathroom Cabinets
Kitchen appliances
$4,000.00
Update Kitchen Appliances
Other
$4,000.00
Bathroom Remodel
Rent Rehab Details
Interior
Other
$2,000.00
Misc. Rehab Costs