Prime Melbourne Flip

Prime Melbourne Flip

3 bed 2.5 bath 1626 sq ft Built in 1957 Single Family
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58
Quality of Comparables
Low High
13 /20
Level of Rehab
Heavy Light
7/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
11/20
School Rating
F A
3/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Presenting a desirable off-market opportunity in a quiet, established Melbourne neighborhood. This 3-bedroom, 2.5-bathroom, block home with 1627 square feet is located on a peaceful street surrounded by well-maintained properties, making it ideal for investors or buyers looking to create their dream home.

The property offers a solid layout and strong upside but requires a full rehabilitation, including a new roof and electrical upgrades. The home retains original plumbing and will need interior improvements throughout, including new LVP flooring, updated bathrooms, fresh interior and exterior paint, modern lighting, and a new HVAC system. With an added closet the converted carport could easily be turned into a fourth bedroom.

With its prime location being close to restaurants, shopping, golf course, and schools, and a strong ARV, this property presents a chance to renovate and add significant value in one of Melbourne’s sought-after areas. Call your EquityPro Advisor today so you don't miss out.

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We recommend flip
Rental Income
$2,700 mo. / $32,400 yr.
Estimated Taxes
$3,100 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$23,060
Projected Income
9.59%
Estimated APY
$48,700
Projected Income
17.95%
Estimated ROI

Comps

 
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