Spring Hill FL Flip- looking for JV partners or Private Lenders

[Dustin Rose]

Purchase Price- $81,500

ARV- $130,000 ( based on official appraisal)

Closing Costs to Buy - $3,000

Rehab Projection- $10,500

Total Project Costs- $95,000

Closing Costs to Sell- 6% ( estimated) $7,000

$123,000- $95,000 ( total project costs) = $28,000 estimated net profit

3 bed / 2 bath1,272 sq ft Built in 1969 - Single Family

Property Details

Spring Hill flip opportunity that only needs minor finishing touches. Located in a growing area of Hernando County, this home has preinstalled kitchen cabinets and countertops, and bathroom vanities. New roof and new pool pump has been installed, and the AC system was installed in 2014. Renovations that are needed include pool refinishing, some window pane installation, and landscaping. 

Flip Rehab Details Grounds Lawn/Mulch beds

$1,000.00

Fence

$2,000.00

Interior

Kitchen appliances

$1,500.00

Exterior

Pool

$4,000.00

Exterior Paint

$1,500.00

Windows / Screens

$500.00

Comps

6268 HARCROSS CT, SPRING HILL, FL 34606 $127,000

3 bed / 2 bath1,386 sq ftSold 03/15/17

1359 TYLER AVENUE , Spring Hill, FL 34606 $134,500

3 bed / 2 bath1,397 sq ftSold 06/07/17

549 EDGEHILL AVENUE , Spring Hill, FL 34606 $132,500

3 bed / 2 bath1,400 sq ftSold 09/19/17

6340 KELVIN CT, SPRING HILL, FL 34606 $125,000

3 bed / 2 bath1,352 sq ft Active

6227 KELVIN CT, SPRING HILL, FL 34606 $119,000

3 bed / 2 bath1,336 sq ft Pending

6496 TOLEDO RD, SPRING HILL, FL 34606 short sale $123,000

3 bed / 2 bath1,264 sq ft Active

6297 HILLVIEW RD, SPRING HILL, FL 34606 $125,000

2 bed / 2 bath1,249 sq ftSold 09/01/17

Through marketing efforts we've been tying up 1-3 properties a week and are seeking JV partners. All properties will get an official appraisal, inspections, etc. please contact me and we can discuss the process.