7 SE Dr MLK Ave, Fort Meade, FL 33841
Purchase Price: 66,900
Estimated Rehab: 35-45K
After Repair Value: 150,000
Flip Potential ROI: 18%
Flip Potential Net Income : 23k
Potential Gross Annual Income: 13k
Potential Gross Annual Return: 13%
2 Car Garage
This is the CHEAPEST 3 Bedroom SFH in the entire County, out of 1,699 available homes. This home sits on a 16,653 Sqft lot, and is made up of partial frame, and partial block construction. As a Flip, the home is in need of a full rehab, but with smaller homes within walking distance selling over 140k, this deal is certain to reward the savvy Investor with a great profit margin. As a rental, the same rehab is necessary, but with less finishes than a Flip, and once the home is renovated, placing a tenant at market rent will get this deal cash flowing at a gross 13% ROI. The beauty of this deal comes in the fact that the comps are 1,000 Sqft smaller or less, do not have garages, and are still selling above 140k. This neighborhood also features plenty of new construction over and is part of a redevelopment deal.
Available on 08.25.2020
Don’t let this excellent opportunity pass you by! Get it yours now!