Solid Ormond Beach Flip

Solid Ormond Beach Flip

2 bed 1 bath 1152 sq ft Built in 1955 Single Family
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72
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
10/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Here is a great opportunity in Ormond Beach. A stone's throw from the beach, this property is in a prime location. Featuring two bedrooms, one bathroom, and a single-car garage, this blockhouse is loaded with potential. Whether you are looking for a flip or even a rental by the beach, the returns are very promising. Similar comparable properties are selling for more than $300,000 within a few blocks of this property, and this is among the lowest available properties in a half-mile. The property needs a full renovation from top to bottom, and we recommend fully enclosing the screened patio to make a third bedroom. Opportunities like this do not last long, contact your EquityPro advisor today for more info!

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We recommend flip
Rental Income
$1,800 mo. / $21,600 yr.
Maintenance
$300 / yr.
HOA Dues
$0 / yr.
$17,445
Projected Income
6.88%
Estimated APY
$34,255
Projected Income
12.43%
Estimated ROI

Comps

 
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Sold

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