Help me analyze this deal Jupiter/Tequesta FL

[Daniel Garcia]

Hi Everyone,

I was contacted by a client from my accounting practice about a property she is planning to sell. I took a look at the property with a friend of mine who has a lot of experience in flipping and developing properties. The structure and roof are in great condition and the property has been very well maintained. It is just very dated. The house is a 3/3 on an oversized lot. The house square footage is also a bit larger than the others in the neighborhood. There is space to build a dock with direct access to the Loxahatchee River. 

I quickly made the following report just based off my friend saying that we would need $100k to update everything to bring it up to the neighborhood standard.  

My question is this:  what sort of profit would you look for on this type of deal?  I typically analyze properties in the $250k to 400k range and want $25k to $30k as profit.  I am also not sure about the holding costs.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Thanks,

Danny