Downtown Melbourne Flip

Downtown Melbourne Flip

2 bed 1.5 bath 560 sq ft Built in 1922 Single Family
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66
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
7/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
13/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Within walking distance to the popular downtown Melbourne area, this home has huge potential. Here is a two-bedroom, one-and-a-half-bedroom home that needs complete updating inside and out. With a comparable home a few houses down selling $15,000 above list price, it is clear that there is huge interest in this prime location. We recommend bringing in higher-end updates and utilizing outside areas by expanding the porch and adding a deck to reap maximum value. Besides walking distance to downtown, this home is walking distance to Free Avenue Park, Wells Park, the beach, major shopping plazas, Melbourne High School, easy access to all highways, and more. This prime location home will not last long! Call your EquityPro Advisor today to learn more!

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We recommend flip
Rental Income
$1,300 mo. / $15,600 yr.
Maintenance
$600 / yr.
HOA Dues
$0 / yr.
$11,588
Projected Income
8.08%
Estimated APY
$46,050
Projected Income
28.09%
Estimated ROI

Comps

 
Listed
 
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Sold

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