St Pete Pool Home Flip

St Pete Pool Home Flip

3 bed 2 bath 2115 sq ft Built in 1980 Single Family
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68
Quality of Comparables
Low High
14 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located in South St Petersburg is this 3-bedroom, 2-bathroom, 2115 sq/ft concrete block home with an in-ground pool. This charming area is known for its tranquil setting and rich history, located in the southernmost part of St. Petersburg. Although the home is walking distance from the bay, it only suffered minor damage during the storms last year and had no flood damage from what we can tell. 

The roof was replaced in 2020 and appears to still be in great shape.  We suggest, however, updating the flooring throughout, updating both bathrooms, and installing new kitchen cabinets and appliances in order to attract high-end buyers.  The home could also use a fresh coat of paint both inside and out in order to bring the curb appeal back to this 1980s-built home.  We are also suggesting updating the pool equipment, although the pool appears to be in working order.  With a modest ARV of $925k once updated, this should be a lucrative investment for those investors looking to make a potential 6-figure profit.  Pool homes in St Pete at a discount that didn't flood are hard to find.  Call your EquityPro Advisor today to secure this opportunity.  

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We recommend flip
Rental Income
$3,500 mo. / $42,000 yr.
Estimated Taxes
$7,500 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$23,800
Projected Income
3.27%
Estimated APY
$134,625
Projected Income
17.03%
Estimated ROI

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