Port Richey Flip
Port Richey Flip
3 bed / 2 bath
1443 sq ft
Built in 1987
Single Family
This 3 bedroom, 2 bathroom Pasco County home was purchased by our investor for $114,900, utilizing $92,000 in hard money financing plus $37,000 escrowed for renovations. Total rehab costs were around $42,000 with the majority going toward interior updates. Lender fees were $4400 with monthly interest payments of $1187. The project took longer than anticipated which increased holding costs but our investor made up for it on the sale. Our estimated ARV was $185,000, however the property sold in less than three weeks for $198,000 generating a net profit of $26,000. Well done!