High-End Flip Below Assessed Value

High-End Flip Below Assessed Value

3 bed 2.5 bath 3073 sq ft Built in 1997
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68
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
7/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Presenting a rare opportunity to take on a project in the prestigious golf community of Country Club Harbour Estates. Located in Lynn Haven, FL, this property requires heavy rehab due to fire damage. Being offered below the tax assessed value of $352,000, this diamond in the rough presents a promising opportunity for real estate investors looking to maximize their returns. The home has already been cleared of debris, and official building plans completed by a structural engineer are in order. Furthermore, new exterior windows and doors are awaiting installation, indicating significant steps have already been taken toward revitalization. The brick home has a spacious 3-bedroom, 2.5 bathroom layout, providing a solid foundation for your renovation plans. 

Comparative analysis reveals a similar house just a few doors down sold for an impressive $718,000, highlighting the potential for substantial returns on our investment. Other homes with less square footage and still requiring updates, have recently sold in the range of $430,000 to $490,000. This is the lowest-priced home in this subdivision, by over $100,000. Don't miss your chance to secure a lucrative opportunity in this highly desirable neighborhood! Call your EquityPro Advisor today.

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We recommend flip
Rental Income
$0 mo. / $0 yr.
Estimated Taxes
$4,845 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$570 / yr.
$-8,415
Projected Income
-2.12%
Estimated APY
$114,545
Projected Income
23.64%
Estimated ROI

Comps

 
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