Lakeland Flip Below Assessed Value

Lakeland Flip Below Assessed Value

3 bed 2 bath 1552 sq ft Built in 1973 Single Family
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70
Quality of Comparables
Low High
14 /20
Level of Rehab
Heavy Light
13/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Here is an excellent opportunity to invest in Lakeland. This home is a corner lot with three bedrooms, two bathrooms, 1552 square feet of living space, a two-car garage, and no HOA! We recommend a full rehab.  To include a new roof, A/C, laminate flooring, kitchen cabinets, countertops, and the updating of the bathrooms. A  Tree has to be removed in the front yard to it bring up to code and to increase desirability to future homeowners. This property has approximately $430,000 in code violations property, must be brought into compliance before those can be reduced.  Polk County is a proven market with properties lasting less than a month on the market.  This home is located only a few minutes away from restaurants, and shopping centers. With the right marketing and rehab, this property should not be an exception to the wave of buyers looking to settle in Lakeland. Be sure to contact your EquityPro Advisor today to secure this investment. 

Notes: Many of the violations have been addressed. The tree has been removed and the yard has been cleaned up. Along with the car removed from the property. The roof is already been factored into the rehab budget.

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We recommend flip
Rental Income
$2,300 mo. / $27,600 yr.
Estimated Taxes
$3,863 / yr.
Maintenance
$800 / yr.
HOA Dues
$0 / yr.
$18,777
Projected Income
6.37%
Estimated APY
$48,775
Projected Income
14.51%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

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