Cash-flowing Sunrise Canal Flip

Cash-flowing Sunrise Canal Flip

3 bed 2 bath 1745 sq ft Built in 1972 Single Family
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81
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
10/10
Property Details

Presenting a cash-flowing opportunity in Sunrise Golf Village. The previous owner made some creative adjustments, converting the layout to include a 1/1 unit alongside the main 3/2 house. The main 3-bedroom unit has been rented for $3,140 per month over the past year, with the lease set to expire on September 30, 2024. With some cosmetic updates, this unit could easily rent for more. The 1/1 unit is currently rented on a month-to-month basis for $1,400 per month.f

The property also offers solid potential for a fix and flip, with comparable sales supporting an after-repair value (ARV) of $555,000 or higher, due to its canal-front location. The kitchens, bathrooms, and tile flooring were recently updated, and while remodeling the main house, you can continue earning rental income from the 1/1 unit. We recommend a new roof and simple cosmetic improvements.

Sunrise is a strong rental market, with plenty of flips happening nearby. This property presents multiple opportunities. Contact your EquityPro Advisor today for more information.

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We recommend flip
Rental Income
$4,500 mo. / $54,000 yr.
Estimated Taxes
$10,000 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$0 / yr.
$35,750
Projected Income
7.84%
Estimated APY
$64,000
Projected Income
13.03%
Estimated ROI

Comps

 
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