Deland Flip Opportunity
Deland Flip Opportunity
One of our investors purchased this 3 bedroom, 2 bathroom single family home through EquityPro for $122,500. We had originally estimated a $35,350 rehab budget and our investor was able to complete the work for around $32,000. The majority of the rehab budget was spent updating the interior of this property with new cabinets and countertops in the kitchen and bathrooms, new flooring, paint, appliances, kitchen and bathroom fixtures and lighting. The exterior of the property received a new roof, fresh paint and some new mulch to add curb appeal. The investor had an additional $12,000 in other expenses including commissions, utilities and closing costs. This property went pending in 6 days and sold for $193,000, generating a net profit of $26,500. Well done!