St. Pete Bungalow Flip

St. Pete Bungalow Flip

3 bed 1 bath 1026 sq ft Built in 1950 Single Family
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65
Quality of Comparables
Low High
18 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
12/20
Quality of Floor Plan
Choppy Flowing
12/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

This bungalow is located in the red-hot St. Pete market and in a micro-market where homes can't stay on the shelves; renovated homes within a 0.5-mile radius have sold at a median 13 days on market. This unique project features three bedrooms, one bathroom, 1,026 squared feet of living space and a simple rehab that should be quick and easy whether you're a novice or experienced investor. 

For this project, we recommend a total cosmetic overhaul to get top dollar; including new flooring, paint, kitchen, two full bathrooms, light fixtures and other miscellaneous items. The roof, AC and water heater are dated and will need to be replaced as well. 

This is a fix-and-flip project that should appeal to investors of all experience levels. There is more demand than supply in St. Pete for renovated homes like these. Be sure to contact your EquityPro Advisor today to secure this investment. 

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We recommend flip
Rental Income
$2,400 mo. / $28,800 yr.
Estimated Taxes
$2,000 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$21,170
Projected Income
7.90%
Estimated APY
$47,375
Projected Income
15.40%
Estimated ROI

Comps

 
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Sold

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