Hudson Flip on 5 Acres

Hudson Flip on 5 Acres

4 bed / 2 bath 2460 sq ft Built in 2002 Manufactured Home

Wow, our investor sure made this Hudson, FL manufactured home shine!  He purchased this 4 bedroom, 2 bathroom single-family home through EquityPro for $159,900.  The bulk of his $18,000 rehab budget was spent on modernizing the interior of the property as it was desperately in need of a complete rehab.  He completely updated the kitchen and bathrooms with new cabinets, countertops, appliances, and fixtures.  He replaced the flooring throughout the home and painted both the interior and exterior of the property.  He had an additional $28,000 in other expenses including closing costs, commissions, and utilities.  This home sold in 60 days for $315,000 generating a $109,100 net profit for our investor.  Congratulations on a very successful flip!  

Financial details
Investor price $159,900
Rehab costs $18,000
Other expenses $28,000
Days on the market 60
Sold price $315,000
$109,100
Profit
52.99%
ROI