Looking for JV Partner for Flip in Edgewater Florida

[Neil Rose]

Looking for a JV Partner on a flip in Edgewater FL. 

Purchase price / $195,000

Repairs / $35,000

Sales Price / $280,000

Holding Costs / $2,000

Closing costs / $13,000

Projected Profit / $35,000

Property Details

Located in the heart of Edgewater in the Florida Shores subdivision. 1991-built block home - three bedrooms, two bathrooms, a two-car garage, and 1,218 square feet.

Need to replace the roof and give the interior a cosmetic overhaul, updating the kitchen, bathrooms, flooring, and a new paint job.

The most recent rehabbed home in this subdivision sold after five days on the market at $230 per square foot. This home is 1,218 square feet.