San Marco Block Flip

San Marco Block Flip

4 bed 2 bath 1740 sq ft Built in 1948 Single Family
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63
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
10/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
3/10
Property Details

This 4-bedroom, 2-bathroom, 1,740-square-foot block home presents an investor with a solid flip opportunity. Located in San Marco, this property is close to great shopping and dining locations and also top-rated schools. 

A new roof was installed in 2019, eliminating a major expense for investors. We recommend replacing the A/C units, installing ducts in the downstairs area, and new exterior windows. The home will also need a full cosmetic update, including the kitchen and bathrooms, and adding a fresh coat of paint inside and out. We believe once this property has been updated it can sell for around $230 per square foot, which equates to a $400,000 ARV. This means an investor could generate over $65,000 in profit, or around a 19% ROI.

Properties in this location and at this price are hard to come by, so do not miss out on this opportunity. Contact your EquityPro Advisor today.

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We recommend flip
Rental Income
$2,100 mo. / $25,200 yr.
Estimated Taxes
$3,500 / yr.
Maintenance
$600 / yr.
HOA Dues
$0 / yr.
$16,580
Projected Income
5.52%
Estimated APY
$65,500
Projected Income
19.58%
Estimated ROI

Comps

 
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