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Cash-flowing Sunrise Canal Flip
Cash-flowing Sunrise Canal Flip
Equity Score
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.