GOOD FIX N FLIP OPPORTUNITY, RENTED

[Francis Pesant]

VERY GOOD FIX N FLIP PROPERTY. MINOR REHAB AND GOOD PROFIT. CAN BE FLIPPED VERY QUICKLY.

NICE NEIGHBORHOOD NEAR JACKSONVILLE UNIVERSITY.

3 beds, 2 baths, 1,624 sq.ft., built in 1959

The property will need new carpet and paint throughout the home.
The bathrooms will need updating, but overall it is in decent condition.
Currently rented at $825 on a month-to-month basis. (Potential 950$)

ARV: $117,000
REHAB COST: $10,000
ASKING PRICE: $80,000
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PROFIT: $27,000

SOLD COMPS:

$132,000 - 5720 Tarpon Ct, Jacksonville, FL
3 Beds 2 Baths 1,504 Sqft. Sold: 12/16/15

$120,000 – 7043, Berrywood Ln, Jacksonville, FL
3 Beds 2 Baths 1,429 Sqft. Sold: 2/2/16