Weeki Wachee Canal Flip

Weeki Wachee Canal Flip

3 bed / 2 bath 960 sq ft Built in 1984 Single Family

Wow, this three-bedroom, two-bathroom canal front manufactured home doesn't even look like the same property!  Our investor purchased this property through EquityPro for $142,500.  He completely updated this property inside and out, pulling out all the stops to make this a boaters' paradise.  The total cost of the renovation was $40,000, which was slightly higher than EquityPro's initial rehab projection.  However, our investor wanted to make this property shine, and the extra rehab budget allocation paid off as he was able to increase the sale price.  He had an additional $7,000 in closing costs, commissions, and utilities.  After 24 days on the market, this property sold for $254,000, generating a profit of $64,500.  Great job on this successful flip!

Financial details
Investor price $142,500
Rehab costs $40,000
Other expenses $7,000
Days on the market 24
Sold price $254,000
$64,500
Profit
34.04%
ROI