Hutchinson Island Beach Flip

Hutchinson Island Beach Flip

3 bed 2 bath 1601 sq ft Built in 1987 Single Family
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70
Quality of Comparables
Low High
14 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Unique fix and flip opportunity on Hutchinson Island! You can walk a straight line from this property right to the beach. It's mostly outdated and in original condition, but it does have a metal roof that's in great shape! 

Other homes in this area are selling above the one-million-dollar mark. This property is an exception to that, because it is nestled within its own small subdivision. With some nice touches and a good remodel, it can be very valuable!

No other homes in this area are available at this price. Take advantage of this opportunity to own a unique piece of property within Hutchinson Island! Contact your EquityPro Advisor for more information. 

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We recommend flip
Rent Flip
Rental Income
$3,500 mo. / $42,000 yr.
Investor Price
$429,900
Closing Costs to Buy
$6,500
Rehab Projection
$44,000
Utilities
$500
Property Insurance
$3,500 / yr.
Estimated Taxes
$5,263 / yr.
Property Management
$3,360 / yr.
Maintenance
$5,000 / yr.
HOA Dues
$0 / yr.
$24,877
Projected Income
5.17%
Estimated APY
After Repair Value
$600,000
Investor Price
$429,900
Closing Costs to Buy
$6,500
Rehab Projection
$71,500
Utilities
$500
Closing Costs to Sell
$25,000
$66,600
Projected Income
12.49%
Estimated ROI

Comps

 
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