St Pete Bungalow Flip

St Pete Bungalow Flip

2 bed / 2 bath 1074 sq ft Built in 1915 Single Family

Look at this gorgeous St. Petersburg flip! Our investor purchased this 2 bedroom, 2 bathroom bungalow for $157,500. He completed a full renovation inside and out, costing $125,000 including other expenses. EquityPro's projected ARV was $295,000 with a $79,000 rehab. Our investor decided to increase his rehab budget and push the price per square foot threshold. It paid off! This house set a record within a quarter mile of the property for price per square foot sold. This home went pending in 51 days and sold for $348,000, generating a $65,500 net profit. Congratulations on this beautiful and successful flip!

Financial details
Investor price $157,500
Rehab costs $104,645
Other expenses $20,355
Days on the market 51
Sold price $348,000
$65,500
Profit
23.19%
ROI