$90,000 · ST. PETERSBURG, FL 33705Works for flippers · Works for landlords
$90,000 · ST. PETERSBURG, FL 33705
Works for flippers · Works for landlords
Available
$90,000Asking price
2 bd · 1 ba · 776 sq ft · built 1946
ST. PETERSBURG, FL 33705
Contract on file
Price Drop
5 views · listed
Works for flippers
Works for landlords
The Numbers
- Sells for (ARV)From the listing
- $232,500
- Asking price
- −$90,000
- RepairsMiddle of the seller’s $60,000 – $65,000. Ours: $36,500 – $61,000
- −$62,500
- Loan, holding, closing20% down, 12% interest, 2 points, 85 days
- −$13,127
- Profit28.8% of ARV · flippers want 10%+
- $66,873Works
Works for a flipper up to $130,000.
Comps
ARV $232,500
From the listing
The sales behind this value are shown to members.
Seller Description
St. Petersburg, FL — 2/1 SFR (776 SF) with a comps-backed ARV of $232,500. Buy at $100,000 for a 57% discount to ARV and a projected $55,506 spread.
Rental numbers: estimated rent at $1,700/mo with projected monthly cash flow of $372.
Condition/value-add: full gut — the property needs a complete gut and rebuild. Budget is estimated at $60,000–$65,000, which is the lift to reach the $232,500 ARV.
Cash buyers preferred and quick close.
More About This Property
Nearby Deals
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
