Edgewater Block Flip

Edgewater Block Flip

3 bed 2 bath 1498 sq ft Built in 1974 Single Family
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75
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Introducing an opportunity in Volusia County, located in the heart of Edgewater, FL.

This is a block home with 3 bedrooms, 2 bathrooms, and a one-car garage and sits on a spacious lot. Florida Shores is known for its exclusive proximity to beaches and recreational activities.

We recommend a full cosmetic update, such as new flooring, modern updates to the kitchen and bathroom, and new fixtures. The property does have a metal roof that was installed roughly five years ago. The A/C and water heater appear to be working, but we suggest replacing them considering they are past their useful life.

Don't miss out on this great opportunity to transform this property into a lucrative investment. Contact your EquityPro Advisor today.

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We recommend flip
Rent Flip
Rental Income
$2,000 mo. / $24,000 yr.
Investor Price
$228,900
Closing Costs to Buy
$4,200
Rehab Projection
$23,000
Utilities
$500
Property Insurance
$1,800 / yr.
Estimated Taxes
$3,688 / yr.
Property Management
$2,016 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$15,996
Projected Income
6.23%
Estimated APY
After Repair Value
$330,000
Investor Price
$228,900
Closing Costs to Buy
$4,200
Rehab Projection
$37,075
Utilities
$500
Closing Costs to Sell
$14,850
$44,475
Projected Income
15.58%
Estimated ROI

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