Slam Dunk Apopka Flip

Slam Dunk Apopka Flip

3 bed / 2.5 bath 1375 sq ft Built in 1985 Single Family

Apopka area flips are not easy to find these days, so our investor quickly jumped on the opportunity when this one became available.  Despite a few delays from the HOA for repair approval, this rehab went as planned.  Our investor purchased this three-bedroom, two-and-a-half-bathroom home through EquityPro for $174,500.  He updated the home's interior with new cabinets, countertops, flooring, paint, and fixtures.  Fortunately, the exterior was in pretty good shape, so our investor only had to make minor repairs to the roof and spruced up the mulch beds to add some curb appeal.  The total cost of the rehab was $32,500, which was $1,500 under EquityPro's estimated rehab budget. They had an additional $19,350 in closing costs, utilities, and commissions. Only nine days on the market, this rehab sold for $260,000, creating a net profit for our investor of $33,650.  Great job on this successful flip!

Financial details
Investor price $174,500
Rehab costs $32,500
Other expenses $19,350
Days on the market 9
Sold price $260,000
$33,650
Profit
14.87%
ROI