$53,000 · NEW PORT RICHEY, FL 34654
Works for landlords · Flippers would lose money

Available

$53,000Asking price

2 bd · 2 ba · 624 sq ft · built 1969

NEW PORT RICHEY, FL 34654

No contract on file

via InvestorLift Classic

1 view · listed 6 days ago

Works for landlords

Flippers would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $85,000
Asking price: −$53,000
RepairsMiddle of the seller’s $25,000 – $30,000. Ours: $28,000 – $47,000: −$27,500
Loan, holding, closing20% down, 12% interest, 2 points, 71 days: −$5,978
Profit−1.7% of ARV · flippers want 10%+: −$1,478
Loses money

Works for a flipper at $43,000 or less.

REDBLOCK LLC

Blake Baker

No reviews yet

Comps

Sales

Rents

ARV $85,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $185,000.

The sales behind this value are shown to members.

ARV $85,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

REDBLOCK LLC

Blake Baker

No reviews yet

Seller Description

Affordable investment opportunity in New Port Richey! Great potential for investors looking to add a rental property to their portfolio. Whether you’re looking for a long-term rental or a value-add investment, this property is worth checking out !

2 Beds

2 Baths

624 Sqft

IMPORTANT — NON-CIRCUMVENTION

NOTICE: All inquiries and negotiations must go through Project Bay LLC. Buyers, brokers, agents, and other parties are prohibited from contacting the seller directly, attempting to circumvent Project Bay LLC, or otherwise undermining or interfering with this transaction. Any attempt to circumvent or interfere with Project Bay LLC’s contractual interests may result in legal action and a claim for damages and/or other available remedies.

Serious inquiries only. Proof of funds required.