Palatka Mobile Home Flip

Palatka Mobile Home Flip

2 bed 2 bath 869 sq ft Built in 2008 Manufactured Home
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67
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
16/20
Location of Neighborhood
Far Close
8/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Here is an opportunity to pick up a 2008-built doublewide mobile home just off State Road 19.  The property features two bedrooms and two bathrooms with 869 square feet of living space. 

The home is well-kept and will only need some minor touch-ups to put it back on the market.  You can also hold it as a rental and let the value rise.  We feel market rent for this size home is around $800-900 a month. 

Non-paying tenants currently occupy the home.  They may be willing to start paying rent, or the new owner would have to evict them.  This much equity gives the new owner plenty of room for attorney fees.  Homes with this kind of equity tend to move quickly, so call your EquityPro Advisor today.

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We recommend flip
Rental Income
$900 mo. / $10,800 yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$7,320
Projected Income
8.88%
Estimated APY
$22,650
Projected Income
25.93%
Estimated ROI

Comps

 
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