Exclusive Casselberry Flip

Exclusive Casselberry Flip

3 bed / 2 bath 1927 sq ft Built in 1982 Single Family

Casselberry flip opportunities are rare, and when an opportunity arises, you must be quick to commit, which was exactly what our investor did.  This seasoned investor knew that this three-bedroom, two-bathroom single-family home was a gem and purchased it sight unseen through EquityPro for $264,000.  He completed a total interior cosmetic rehab and updated the exterior with new paint and a new roof - his largest expense.  He had an additional $11,775 in closing costs, utilities, and commissions.  Only five days on the market, this rehab sold for $25,000 over EquityPro's estimated ARV of $360,000, creating a net profit for our investor of $63,325.  Great job on this successful flip!   

Financial details
Investor price $264,900
Rehab costs $45,000
Other expenses $11,775
Days on the market 5
Sold price $385,000
$63,325
Profit
19.69%
ROI