Poinciana Pool Flip

Poinciana Pool Flip

3 bed / 2 bath 1661 sq ft Built in 1992 Single Family

Updated Poinciana properties never stay on the market long, and this rehab was no different.  Our investor purchased this 3 bedroom, 2 bathroom single family home through EquityPro for $149,900.  He completed a full interior cosmetic rehab including new flooring in most areas, cabinets, countertops, appliances, paint, and fixtures.  Outside, the roof was replaced, the home had a new exterior paint job and driveway improvements were made for a total rehab cost of $34,000.  He had an additional $14,940 in closing costs, utilities, and commissions.  After a longer rehab timeline than expected, our investor wanted to sell this property quickly.  He listed the property at $220,000 for a quick sale and in 8 days this property sold for $222,000, $2000 above list price.  Our investor walked away with a net profit of $23,160.  Congratulations on a successful flip! 

Financial details
Investor price $149,900
Rehab costs $34,000
Other expenses $14,940
Days on the market 8
Sold price $222,000
$23,160
Profit
11.65%
ROI