Historic Springfield Flip $300k Margin

Historic Springfield Flip $300k Margin

5 bed 2 bath 2392 sq ft Built in 1909 Single Family
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52
Quality of Comparables
Low High
14 /20
Level of Rehab
Heavy Light
2/20
Location of Neighborhood
Far Close
13/20
Quality of Floor Plan
Choppy Flowing
13/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

This property is located in the historic heart of Springfield, minutes away from the St. Johns river, sports stadiums, as well as the new construction and revitalization that is happening along the riverfront in downtown Jacksonville. This property offers an investor a great location that will appeal to many end buyers. It also offers $300,000 in margin that will help any investor realize a substantial profit on their investment. 

The house is in need of a full rehab, including repairing and replacing the exterior siding, a new roof, updating the plumbing and electrical as well as a complete interior rehab. We recommend updating the kitchen and bathrooms, installing new luxury vinyl flooring as well as adding a fresh coat of paint inside and out. After the rehab, we believe this property is worth $465,000, meaning an investor can potentially walk away with over $80,000 in profit, which equates to a 21% ROI on their investment. 

Do not miss out on this rare opportunity. Contact your EquityPro Advisor today. 

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We recommend flip
Rental Income
$2,500 mo. / $30,000 yr.
Estimated Taxes
$1,500 / yr.
Maintenance
$600 / yr.
$23,400
Projected Income
6.70%
Estimated APY
$81,175
Projected Income
21.15%
Estimated ROI

Comps

 
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