Low Cost Dunnellon Flip

Low Cost Dunnellon Flip

2 bed 2 bath 1398 sq ft Built in 1982 Single Family
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70
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
9/10
Property Details

Investor opportunity in the growing Rainbow Springs area. This block 2 bed 2 bath home offers 1,398 sqft with a functional layout, solid bones, and strong upside potential for both fix and flip or rental investors. Property appears to be primarily cosmetic and features a spacious floor plan with two separate living areas, creating the possibility to convert one living room into a 3rd bedroom to further increase value and resale appeal. Situated on a generous lot in Rainbow Lakes Estates with strong demand for affordable renovated inventory in the area. Estimated ARV around $225K with projected investor margins around 24 percent. Ideal opportunity for investors looking for an affordable value add project with multiple exit strategies.

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We recommend flip
Rental Income
$1,300 mo. / $15,600 yr.
Estimated Taxes
$1,500 / yr.
Maintenance
$250 / yr.
HOA Dues
$0 / yr.
$10,550
Projected Income
6.52%
Estimated APY
$35,300
Projected Income
18.13%
Estimated ROI

Comps

 
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Sold

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