North Port Flip $30k under Assessed Value

North Port Flip $30k under Assessed Value

2 bed 2 bath 1297 sq ft Built in 1982 Single Family
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73
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
13/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located in thriving Sarasota County is this 2-bedroom, 2-bathroom, 1297-square-foot home built in 1982. The home's interior is in pretty good shape, but it will need some cosmetic updates to reach full potential. 

We suggest updating the roof and A/C system, along with a fresh coat of paint. We also believe there is room to add a third bedroom, which would attract more buyers and renters. If flipping, we have an estimated ARV of $240,000 once updated. As a rental, we have estimated the rent to be between $1800–$2000 per month, depending on the bedroom count.  

Another key point is that the current tax assessed value of the home is $161,500, giving a savvy investor plenty of equity. Homes at this price point in Sarasota County are rare, especially with multiple exit strategies. Call your EquityPro Advisor today to secure this amazing opportunity. 

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We recommend flip
Rental Income
$2,000 mo. / $24,000 yr.
Estimated Taxes
$1,200 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$17,400
Projected Income
10.03%
Estimated APY
$42,950
Projected Income
21.80%
Estimated ROI

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