Lake Padgett Canal Flip

Lake Padgett Canal Flip

4 bed 2 bath 2075 sq ft Built in 1974 Single Family
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74
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
13/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This fix-n-flip is located in the highly desirable neighborhood of Lake Padgett, in Land O' Lakes, FL. It features four bedrooms, two bathrooms, a double-car garage, and sits on a canal that leads right into Lake Padgett. The property has a private dock, a fenced-in backyard, and a large cement patio surrounding the Florida room with wrought iron railings overlooking the canal. The interior features a split floor plan with an eat-in kitchen, walk-in pantry, and the primary bedroom has an en suite bathroom with a walk-in closet. All four of the bedrooms have large windows which bring in a lot of light. The spacious Florida room is completely enclosed with windows and two sets of patio doors on either side, a ceiling fan, and a mini-split air conditioner. This property has the potential to bring in a huge return, it just needs a little TLC to achieve this goal. We recommend updating the kitchen, bathrooms, fixtures, and laying down tile flooring throughout the interior of the property. It is also recommended that both the interior and exterior be painted, the hot water heater is replaced, as well as repairing and painting the fence and completely rebuilding the dock. The back patio needs to be cleared of debris from plants and could use a good pressure wash. The metal roof and air conditioner are in good shape. Waterfront homes tend to sell to our investors very quickly. Contact your advisor for more information and to schedule a showing.

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We recommend flip
Rental Income
$2,200 mo. / $26,400 yr.
Estimated Taxes
$5,530 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$16,830
Projected Income
4.69%
Estimated APY
$82,050
Projected Income
19.17%
Estimated ROI

Comps

 
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