Melbourne Blank Slate Flip

Melbourne Blank Slate Flip

3 bed 2 bath 1088 sq ft Built in 1963 Single Family
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63
Quality of Comparables
Low High
14 /20
Level of Rehab
Heavy Light
5/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

This solid 3-bedroom, 2-bathroom, concrete block and stucco home in Melbourne offers 1,088 square feet of living space and is ready to be brought back to life. 

Tucked away at the end of a quiet cul-de-sac in an area known for its highly rated schools, the location alone makes this property an excellent investment opportunity. Just four minutes from the Florida Institute of Technology (FIT), it’s ideally positioned for both long-term rental potential and profitable fix-and-flip scenarios. 

While the property shows signs of previous fire damage, remediation and demo work have already been completed, setting the stage for a full renovation that will include drywall installation and some truss repairs. 

With comparable homes in the neighborhood selling for over $260,000, no HOA fees, and the appeal of a private dead-end street, this home is primed to attract plenty of attention once restored and listed on the retail market. 

Don’t miss this chance — call your EquityPro Advisor today for serious inquiries.

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We recommend flip
Rental Income
$1,800 mo. / $21,600 yr.
Estimated Taxes
$2,500 / yr.
Maintenance
$250 / yr.
HOA Dues
$0 / yr.
$14,550
Projected Income
7.27%
Estimated APY
$47,050
Projected Income
22.09%
Estimated ROI

Comps

 
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