Clermont Lakefront Flip

Clermont Lakefront Flip

2 bed 2 bath 1104 sq ft Built in 1959 Single Family
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81
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
16/20
Location of Neighborhood
Far Close
19/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
9/10
Property Details

Investor special in the highly desirable city of Clermont! This 2-bedroom, 2-bathroom home presents an outstanding value-add opportunity with direct lake views and a rare separate parcel directly across the street that provides private lake access to Lake Minnehaha. Properties with this combination of lake views and private access are becoming increasingly difficult to find in today's market.

The home has already benefited from several major updates, including a new roof in 2021, an A/C system installed in 2018, and newer replacement windows, significantly reducing future capital expenses.

While the property is in need of cosmetic improvements, the work required is primarily aesthetic in nature. Updates such as fresh interior and exterior paint, kitchen cabinets and countertops, bathroom renovations, luxury vinyl plank flooring, and modern decorative light fixtures would dramatically enhance the property's appeal and value. There is a flex room that is available to create the offcial 3rd bedroom.

Another option is tearing the home down and building a new luxury flip with a similar comp on the same street selling for $950k!

Located in one of Lake County's most sought-after areas, this property offers investors, flippers, and buy-and-hold buyers an excellent opportunity to capitalize on Clermont's strong demand and desirable waterfront lifestyle. With solid bones, key mechanical updates already completed, direct lake views, and private lake access, this is a unique opportunity to create substantial equity and maximize returns.

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We recommend flip
Rental Income
$0 mo. / $0 yr.
Estimated Taxes
$2,100 / yr.
Maintenance
$497 / yr.
HOA Dues
$2 / yr.
$-5,499
Projected Income
-2.20%
Estimated APY
$59,750
Projected Income
18.95%
Estimated ROI

Comps

 
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