New Smyrna Beach Flip

New Smyrna Beach Flip

3 bed 2 bath 2600 sq ft Built in 1985 Single Family
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79
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

One of the lowest-priced single-family homes within a 2+ mile radius. Only 17 homes under $350,000 are averaging 1,400 sqft at $201/sqft.

Subject: 2,600 sqft at just $130/sqft — over a $70/sqft spread and immediate equity position.

Major updates completed: New roof (2023), New AC (2023), Updated plumbing & electrical, nterior doors & baseboards and much more. 

Sits on a 0.36-acre corner lot, with land assessed at $115,000, offering strong downside protection.

In November 2022, Hurricane Ian caused storm surge and inland flooding. This was the only time in 37 years the home experienced water intrusion. The property was professionally restored and fully remediated.

With systems done, strong ARV comps, and built-in equity from day one, this is positioned for a profitable flip or solid long-term hold.

Contact your Equity Pro adivsor, opportunities with this spread move fast.

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We recommend flip
Rental Income
$2,400 mo. / $28,800 yr.
Estimated Taxes
$2,371 / yr.
Maintenance
$300 / yr.
HOA Dues
$0 / yr.
$22,829
Projected Income
6.35%
Estimated APY
$106,450
Projected Income
25.43%
Estimated ROI

Comps

 
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