Tampa Flip Opportunity | EquityPro
89
31.93% Estimated ROI
$169,000 Investor Price
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Tampa Flip Opportunity

3 bed / 2 bath1,218 sq ft Built in 1943Single Family
View Map Hampton Terrace - Seminole Heights
1411 E Powhatan Ave Tampa, FL 33604
89
Quality of Comparables
Low High
19/20
Level of Rehab
Heavy Light
18/20
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 $169,000.

Concrete block 3 bedroom, 2 bathroom home in the very desired, Historic Seminole Heights area of Tampa. This property features 1,218 square feet of living space, hardwood flooring, recently updated kitchen and baths as well as a wood burning fireplace. This is an amazing property for investors looking to flip a property in one of Tampa's hottest areas. See the link below for more information on the popularity of the Seminole Heights area.

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

We recommend flip
Rental Income
$1,450 mo. / $17,400 yr.
Investor Price
$169,000
Closing Costs to Buy
$5,000
Rehab Projection
$2,000
Utilities
$200
Property Insurance
$1,000 / yr.
Estimated Taxes
$1,886 / yr.
Property Management
$1,740 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$12,274
Projected Income
6.97%
Estimated APY
After Repair Value
$270,000
Investor Price
$169,000
Closing Costs to Buy
$5,000
Rehab Projection
$17,650
Utilities
$200
Closing Costs to Sell
$5,000
Listing Agent Commission
$7,800
$65,350
Total Projected Profit
31.93%
Estimated ROI

Comps

Listed
Pending
Sold
1402 E Idlewild Ave Tampa, FL 33064 $237,000
2 bed / 2 bath 1,162 sq ft Sold 11/18/16
1218 E Henry Ave Tampa, FL 33604 $225,500
2 bed / 2 bath 1,008 sq ft Sold 01/24/17
5605 N 9th St Tampa, FL 33604 $325,000
3 bed / 2 bath 1,450 sq ft
1001 E Powhatan Ave Tampa, FL 33604 $265,000
3 bed / 1 bath 1,204 sq ft
Flip Rehab Details
Grounds
Other
$3,000.00
Landscaping & Sod
Exterior
Exterior Paint
$1,500.00
Repaint Exterior
Interior
Interior paint
$1,650.00
Repaint Interior
Hardwood flooring
$4,000.00
Re-finish Hardwood Flooring
Other
$3,000.00
Finish Updating / Opening Kitchen
Other
$1,500.00
Finish Updating Bathrooms
Kitchen appliances
$3,000.00
Rent Rehab Details
Interior
Other
$2,000.00
Misc. Rehab Costs