Cape Canaveral Condo Flip

Cape Canaveral Condo Flip

2 bed 2 bath 1110 sq ft Built in 1989 Condominium
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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-square-foot condo. The unit will need interior updates to reach its full potential, but should have plenty of equity at our current asking price. We suggest updating the kitchen, bathrooms, floors, and appliances, which will help attract potential end buyers.  

HOA dues are $300 per month, which covers everything on the exterior. The roof, exterior electrical panels, and exterior paint have been updated within the last two years. Each unit comes with two assigned parking spots. Note that two units in the complex recently appraised at $329,000, and are now long-term rentals.

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

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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

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