Palm Bay Rental with Equity

Palm Bay Rental with Equity

3 bed / 2 bath 876 sq ft Built in 1980 Single Family

Look at this Palm Bay flip!  Our investor purchased this 3 bedroom, 2 bathroom single family home through EquityPro for $99,900.  He invested $30,000 to rehab this home, updating both the interior and exterior to give it a more modernized look.  He had an additional $5,150 in other expenses which were minimized by listing the property for a flat fee and finding a buyer for the property himself.  EquityPro's advertised ARV was $140,000.  This property was on the market for 60 days and sold for $170,000, generating a net profit of $34,950.  Congratulations on a successful flip!  

Financial details
Investor price $99,900
Rehab costs $30,000
Other expenses $5,150
Days on the market 60
Sold price $170,000
$34,950
Profit
25.88%
ROI