Cape Canaveral Condo Flip

Cape Canaveral Condo Flip

2 bed 2 bath 1110 sq ft Built in 1989 Condominium
Login or register to unlock this property’s address.
74
Quality of Comparables
Low High
14 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located only a couple of blocks from the beach is this 2-bedroom, 2-bathroom, 1110 sq/ft condo.  The unit will need some interior updates to bring out it's full potential but should have plenty of equity at our current asking price.  We are suggesting updating the kitchen, bathrooms, floors, and appliances which will help attract potential end buyers.  

The HOA is $300 a month, which covers everything on the exterior.  The roof and exterior electrical panels have been updated within the last 2 years.  The building has also been painted in the last couple of years, giving it a fresh new look.  Each unit comes with 2 assigned parking spots.  Another point is that two units in the complex, recently appraised at $329,000, are now rented to long-term tenants.  

Properties with this much equity at this price are hard to find, so call your EquityPro Advisor today to secure this opportunity.

Ask about this property
Log in/Register to ask about this property.

We recommend flip
Rental Income
$2,000 mo. / $24,000 yr.
Estimated Taxes
$1,667 / yr.
Maintenance
$500 / yr.
HOA Dues
$3,600 / yr.
$15,033
Projected Income
6.41%
Estimated APY
$63,850
Projected Income
24.93%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

Unlock this property’s comps.