$270,000 · BROOKSVILLE, FL 34601
Works for flippers · Landlords would lose money

Available

$270,000Asking price

4 bd · 3 ba · 2,247 sq ft · built 1984

BROOKSVILLE, FL 34601

Contract on file

Price Drop

via InvestorLift Classic

Listed Sep 21

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $450,000
Asking price: −$270,000
RepairsMiddle of the seller’s $75,000 – $90,000. Ours: $88,000 – $147,000: −$82,500
Loan, holding, closing20% down, 12% interest, 2 points, 93 days: −$32,524
Profit14.4% of ARV · flippers want 10%+: $64,976
Works

Works for a flipper up to $288,000.

CENTRAL FLORIDA HOUSES

David Marsh

No reviews yet

Comps

Sales

Rents

ARV $450,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $440,000.

The sales behind this value are shown to members.

ARV $450,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

CENTRAL FLORIDA HOUSES

David Marsh

No reviews yet

Seller Description

Asking Price: $270000 (obo)

This is an estate sale in Dogwood Estates, an established Brooksville subdivision with easy access to US-41 and the Suncoast Parkway. We have the property under contract with the heir, and the probate has already started and should be done soon.

The seller's side pays off the existing mortgage and the PACE lien at closing, so you get clear title with no assumed debt.

The property needs a full interior update, and pool work. Roof: 2023AC: 2010Rent Rate: $2800/mo