Block Flip in Lakeshore
Block Flip in Lakeshore
Look at this beautiful Jacksonville flip! Our investor purchased this 3 bedroom, 2 bathroom single family home through EquityPro for $76,000. He completed a full cosmetic rehab inside and out and added a laundry room to increase the homes functunality. The total cost of the renovation was $46,343, which was slightly higher than EquityPro's projected rehab budget of $40,000, due to the addition of the laundry room and some plumbing and electricial issues. Our investor had an additional $19,992 in other expenses including closing costs, commissions, utilities, and staging of the property. EquityPro's projected ARV for this home was $160,000. After 16 days on the market, this property sold for $174,500, generating a net profit of $32,165. Congratulations on a successful flip!