Palmetto Block Flip

Palmetto Block Flip

3 bed 2 bath 1787 sq ft Built in 1996 Single Family
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65
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

Take a look at this block flip opportunity in the heart of Palmetto. This 3-bedroom, 2-bathroom home has loads of equity and is being offered as one of the lower priced homes per square foot — at only $126 per square foot. 

In order to maximize your return on this investment, we recommend a full rehab inside and out. This includes a new roof, new A/C, kitchen, bathroom, and flooring. 

Once this is completed, based on our analysis of comparables being sold in as-is condition, we have concluded an after-repair value of $360,000. Contact your EquityPro Advisor for more information.

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We recommend flip
Rent Flip
Rental Income
$2,300 mo. / $27,600 yr.
Investor Price
$219,900
Closing Costs to Buy
$4,000
Rehab Projection
$45,250
Utilities
$500
Property Insurance
$2,000 / yr.
Estimated Taxes
$4,500 / yr.
Property Management
$2,760 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$17,840
Projected Income
6.62%
Estimated APY
After Repair Value
$360,000
Investor Price
$219,900
Closing Costs to Buy
$4,000
Rehab Projection
$62,500
Utilities
$500
Closing Costs to Sell
$15,750
$57,350
Projected Income
18.95%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

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