High-End Spring Hill Flip

High-End Spring Hill Flip

4 bed 3.5 bath 3736 sq ft Built in 1983 Single Family
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72
Quality of Comparables
Low High
18 /20
Level of Rehab
Heavy Light
11/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
12/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
10/10
Property Details

Opportunity is knocking! This single-family home boasts over 3,700 square feet, four bedrooms, three-and-a-half bathrooms, and a double car garage. Additional features include a screened-in swimming pool and a large lot consisting of 1.2 acres. There is marble flooring throughout the common areas of the property and the rooms are well proportioned. 

Although this property has been well cared for over the years, it does need a full cosmetic rehab to bring it to its full potential! This includes taking down the out-dated wallpaper, fixtures, and carpet as well as updating the kitchen, bathrooms, fixtures, flooring and finishes. The roof is near the end of its lifespan and will also need to be replaced. There are two air conditioner systems which are in good working order. 

The comparable properties sold anywhere from $615,000-680,000, with all of these deals being smaller, and very outdated. This presents a huge opportunity to provide updated, beautiful home in a great neighborhood. This property would also make a great short-term rental. According to Air DNA, This property will rent for $438 per night, with 76% occupancy, grossing over $120,000 in a year! Properties with these features tend to move quickly! For more information, please contact your EquityPro Advisor. 

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We recommend flip
Rental Income
$10,050 mo. / $120,600 yr.
Estimated Taxes
$3,848 / yr.
Property Management
$12,060 / yr.
Maintenance
$1,500 / yr.
HOA Dues
$125 / yr.
$100,067
Projected Income
21.68%
Estimated APY
$135,505
Projected Income
24.89%
Estimated ROI

Comps

 
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