Affordable Thonotosassa Flip

Affordable Thonotosassa Flip

3 bed 1 bath 1218 sq ft Built in 1963 Single Family
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64
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
13/20
Location of Neighborhood
Far Close
13/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
2/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Presenting the most affordable 3-bedroom block home in all of Hillsborough County. Located in Thonotosassa, this property is tucked away on a quarter-acre corner lot and five minutes from I-4. This solid flip opportunity is the lowest-priced home currently available to home buyers within a two-mile radius.

Although property records reflect 2 bedrooms, the current floorplan does include 3 bedrooms and 1 bathroom. The property also features a screened-in porch and a separate utility room with a washer and dryer. 

We recommend a complete rehab along with replacement of the roof and HVAC system. Homes of a similar size and style have broken $300,000 in sales price, indicating the potential for strong returns. For those looking to take advantage of long-term appreciation, market rent exceeds the coveted 1% rule at $1,790 per month. Rental inventory is slim in this area with only six active rental listings within a three and a half mile radius. Properties at this price point tend to move quickly, so please contact your EquityPro Advisor for more information.

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We recommend flip
Rental Income
$1,790 mo. / $21,480 yr.
Estimated Taxes
$2,505 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$14,827
Projected Income
7.65%
Estimated APY
$54,725
Projected Income
22.78%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

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