Brick Tallahassee Flip

Brick Tallahassee Flip

3 bed 2 bath 1710 sq ft Built in 1963 Single Family
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68
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

This brick home is approximately fifteen minutes from FSU, located in the Brentwood neighborhood of Tallahassee, making for a profitable flip opportunity. The property consists of 3 bedrooms, 2 bathrooms, approximately 1710 square feet, and an open floor plan.

The back porch was enclosed and is currently being utilized as office space, but could be turned into a fourth bedroom. The roof was replaced in 2021, and the HVAC unit was replaced last year. The pipes in the bathrooms were replaced this year, but there are some drywall spots needing attention in both bathrooms. The rehab needed is mainly cosmetic, needing a fresh coat of paint, new flooring, and cosmetics in the kitchen. The appliances are relatively new stainless steel products. 

The just market value according to property appraisers is $223,500. Therefore, we recommend a quick in and out flip. Contact your EquityPro Advisor today for additional information. 

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We recommend flip
Rental Income
$1,900 mo. / $22,800 yr.
Estimated Taxes
$4,300 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$13,720
Projected Income
6.47%
Estimated APY
$48,175
Projected Income
20.34%
Estimated ROI

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