Sanford Pool Home Flip

Sanford Pool Home Flip

3 bed / 2 bath 1296 sq ft Built in 1981 Single Family

Take a look at this Sanford flip!  Our investor purchased this 3 bedroom, 2 bathroom single family home through EquityPro for $136,000.  This property needed to be updated both inside and outside.  One of the biggest challenges with this property was that the entire exterior was completely let go and the front of the house as well as the pool area were covered in overgrown trees and brush.  Our investor completed a major landscape clean up including tree and brush removal and invested $8500 to repair the pool that was starting to come out of the ground.  The inside of the property needed a full cosmetic update as well, including new cabinets, countertops, appliances, paint, flooring, tile, carpet, lighting and fixtures throughout the home, totalling $65,000.  He had an additional $13,500 in other expenses including closing costs, commissions and utilities.  This property sold in 9 days for $260,000, generating a net profit of $45,500.  Well done!

Financial details
Investor price $136,000
Rehab costs $65,000
Other expenses $13,500
Days on the market 9
Sold price $260,000
$45,500
Profit
21.21%
ROI