Palm Bay Flip

Palm Bay Flip

3 bed / 2 bath 1314 sq ft Built in 1985 Single Family

Take a look at this 3 bedroom, 2 bathroom single family home in Palm Bay.  Our investor purchased the property for $107,500.  She completed a full cosmetic update inside and outside of this home, totaling $30,000. She had an additional $10,647 in other expenses, including closing costs, commissions, etc.  EquityPro's advertised ARV was $179,900.  This home was listed for $186,000 and sold in 10 days for $189,900, generating a net profit of $41,753.  Congratulations on a successful flip!  

Financial details
Investor price $107,500
Rehab costs $30,000
Other expenses $10,647
Days on the market 10 days
Sold price $189,900
$41,753
Profit
28.18%
ROI