Sanford Lot Under 30k

Sanford Lot Under 30k

0 bed 0 bath 4000 sq ft Built in 2022 Vacant Land
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65
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
10/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Located in Sanford, this property is minutes from historic downtown district, the Sanford Airport and local schools. This vacant lot consists of 4,000 square feet (40x100) and is zoned for R-1 Single Family Home. The lot previously had a single family home on it many years ago and was demolished in 1996.

This lot offers quite a few exit strategies the perfect buy and hold opportunity offering instant equity as land of similar acreage is currently selling for as high as $45,000. Solid opportunity for a builder to pick up this lot as new homes in the area have sold for as high as $350,000 offering over a 70k profit potential. An investor could also build a new construction property and with such a strong rental market with a potential APY north of 8%. 

Vacant lots with so much versatility as this one tend to move quickly so please contact your EquityPro advisor to secure this opportunity today!

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We recommend flip
Rental Income
$2,400 mo. / $28,800 yr.
Estimated Taxes
$1,500 / yr.
Maintenance
$300 / yr.
HOA Dues
$0 / yr.
$23,020
Projected Income
9.12%
Estimated APY
$81,850
Projected Income
30.52%
Estimated ROI

Comps

 
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