$150,000 · PANAMA CITY, FL 32404
Works for flippers · Works for landlords

Available

$150,000Asking price

3 bd · 2.5 ba · 1,490 sq ft · built 1965

PANAMA CITY, FL 32404

No contract on file

via InvestorLift Classic

3 views · listed 5 days ago

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $270,000
Asking price: −$150,000
RepairsMiddle of the seller’s $35,000 – $45,000. Ours: $66,500 – $111,000: −$40,000
Loan, holding, closing20% down, 12% interest, 2 points, 76 days: −$17,998
Profit23.0% of ARV · flippers want 10%+: $62,002
Works

Works for a flipper up to $182,000.

REDBLOCK LLC

Blake Baker

No reviews yet

Comps

Sales

Rents

ARV $270,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $235,000.

The sales behind this value are shown to members.

ARV $270,000

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

Great fix and flip opportunity ! This concrete block ranch-style home offers tons of potential for investors looking to renovate and resell. Featuring a spacious floor plan, desirable layout, and a large lot, this property is ready for a fresh new look. Bring your vision, add value, and capitalize on the surrounding renovated homes. Great opportunity for investors!

3 Beds

2.5 Baths

1490 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.