Slam Dunk Flip in Sarasota

Slam Dunk Flip in Sarasota

3 bed 2 bath 2064 sq ft Built in 1930 Single Family
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70
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Situated in a prime location of Sarasota, this single-family home checks all the boxes! Boasting over 2,000 square feet with three bedrooms, two bathrooms, and a single-car garage; this property has a number of lucrative exit strategies any of which have the potential to be highly profitable. 

The property currently reflects the aesthetic of the early 1990's and will require a full renovation to bring into the 2023. This includes a new roof, flooring, updates to the kitchen, bathrooms, and fixtures, landscaping and exterior and interior paint. It will be well worth it because the return will be substantial whether the new owner chooses to fix-n-flip or go the short-term rental route. The property has two air conditioners both of which are three years-old and in great condition. 

Properties in this location do not last long, especially at this price point! For more information, please contact your EquityPro Advisor. 

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We recommend flip
Rental Income
$5,000 mo. / $60,000 yr.
Estimated Taxes
$4,681 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$46,819
Projected Income
9.40%
Estimated APY
$103,300
Projected Income
18.07%
Estimated ROI

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