Haines City Flip

Haines City Flip

4 bed / 2 bath 1960 sq ft Built in 2005 Single Family

One of our local investors purchased this Haines City home for $154,900. His plan was to invest $25,000 to renovate this 4 bedroom, 2 bath single family property. To minimize renovation costs, he completed some of the work himself, with a full cosmetic update to modernize the inside as well as to add curb appeal to the outside.  He had $16,735 in other expenses, including commissions, closing costs, etc.  After being on the market for only 15 days, this home sold for $233,000, generating a net profit of $36,365. 

Financial details
Investor price $154,900
Rehab costs $25,000
Other expenses $16,735
Days on the market 15
Sold price $233,000
$36,365
Profit
18.49%
ROI