Sun City Rental Home
Sun City Rental Home
This 2 bedroom, 1 bathroom single family home in the 55+ Community of Sun City Center, was in despair and needed some extensive updating. Our investor purchased this property through EquityPro for $122,000. With a $25,000 re-hab budget our investor completely updated the kitchen and bathroom with new cabinets, countertops, appliances, and fixtures. He replaced the flooring throughout the home and painted both the interior and exterior of the property. Additionally, he cleaned up the yard and added a covered patio area for some much-needed curb appeal. He had an additional $7,000 in other costs including closing costs, commissions, and utilities. This home sold in 43 days for $197,000, generating a $43,000 net profit for our investor. Congratulations on a successful flip!