$219,500 · FORT WALTON BEACH, FL 32547
Works for flippers · Landlords would lose money

Available

$219,500Asking price

2 bd · 2 ba · 1,430 sq ft · built 1984

FORT WALTON BEACH, FL 32547

Contract on file

Price Drop

via InvestorLift Classic

2 views · listed Oct 27

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $360,000
Asking price: −$219,500
RepairsMiddle of the seller’s $30,000 – $40,000. Ours: $15,000 – $31,500: −$35,000
Loan, holding, closing20% down, 12% interest, 2 points, 74 days: −$25,169
Profit22.3% of ARV · flippers want 10%+: $80,331
Works

Works for a flipper up to $261,000.

GLISCO PROPERTIES

David Esperanza

No reviews yet

Comps

Sales

Rents

ARV $360,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $113,000.

The sales behind this value are shown to members.

ARV $360,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

GLISCO PROPERTIES

David Esperanza

No reviews yet

Seller Description

WE ARE DIRECT TO SELLER – NO DAISY CHAIN

FORT WALTON BEACH FIX & FLIP – $360K ARV

2 Bed | 2 Bath | 1,430 SF

ASKING: $225,000

Lot Size: 8,614 SF
Built: 1984
Roof: Approximately 4 Years Old
Electrical: Good
HVAC: Needs Updating
Windows & Doors Replaced (Impact Rating Unconfirmed)
Modern Interior
No Major Interior Updates in the Past 5 Years

Excellent opportunity to acquire a Fort Walton Beach value-add property with a projected ARV of approximately $360K. Offered at $225K, this property provides investors with significant potential upside in a desirable residential area.

The property already features a relatively new roof, good electrical condition, replaced windows and doors, and a modern interior. The primary improvement needed is updating the HVAC system, with additional cosmetic upgrades offering the potential to further enhance the property's resale value.

With a comparable property at 734 Green Street selling for $375K, this deal presents an opportunity for investors to capitalize on the spread between the acquisition price and projected after-repair value.