$100k Potential Profit Flip in New Smyrna Beach

Volusia County, New Smyrna Beach, FL, 32168
Sold
Listed at: June 22nd, 2022
Price
$150,000
ARV
$320,000
Gross Margin
$170,000
Sq. Footage
1440
Type
Single-Family
Parking
Driveway
Year build
1963
Lot size
9600.00 sqft
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

Incredible flip opportunity in New Smyrna Beach. This block home has a 5 yo roof but the interior has been partially gutted and needs to be completely renovated. It needs a kitchen, bathrooms, flooring, paint, landscaping and driveway which we are estimating around $60-70k. That leaves $90-100k in potential profit!


There is also a preliminary offer from Opendoor at $265k (not accounting for rehab) so there is potential for a quick flip to them in the $180-200k range.


Comps:


594 Oliver Dr $ 347,500 2236 Robin Rd $ 313,000

420 Patricia Dr $ 308,000 2195 Doster Dr $ 315,000

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Joe Yeager

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Disposition manager