$43,000 · LAKE CITY, FL 32055
Works for flippers · Works for landlords

Available

$43,000Asking price

3 bd · 2 ba · 1,638 sq ft · built 1930

LAKE CITY, FL 32055

via InvestorLift Classic

6 views · listed Oct 27

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $195,000
Asking price: −$43,000
RepairsMiddle of the seller’s $50,000 – $80,000. Ours: $72,000 – $120,500: −$65,000
Loan, holding, closing20% down, 12% interest, 2 points, 86 days: −$8,801
Profit40.1% of ARV · flippers want 10%+: $78,199
Works

Works for a flipper up to $97,000.

JP CAPITAL INVESTMENTS

Carlos Correa

No reviews yet

Comps

Sales

Rents

ARV $195,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $105,000.

The sales behind this value are shown to members.

ARV $195,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

JP CAPITAL INVESTMENTS

Carlos Correa

No reviews yet

Seller Description

3 BED / 2 BATH — $43K START, $195K ARV

Solid 1930 1-story on Lake City's quiet North Side (32055). Close to comps that sold $170K–$250K. Full rehab, room for a strong flip or a cash-flowing 3-bed rental.

PROPERTY FACTS

• 3 bed / 2 full bath

• 1,638 sqft, 1 story, built 1930

• 0.19-acre lot

CONDITION: FULLY GUTTED REHAB

RECENT SOLD COMPS (32055)

• 486 NW Shelby Ter, Lake City - Sold for $257k (9/2/2026)

• 396 NW Hillsboro St, Lake City - Sold for $170k (7/21/2026) - (this property is a 3bd/2ba)

• 350 NW Desoto St, Lake City - Sold for $199k (6/11/2026) - (this property is a 2bd/1ba)

THE NUMBERS

• ARV: $195,000

• Starting price: $43,000