Pompano Beach Flip

Pompano Beach Flip

2 bed 1 bath 893 sq ft Built in 1961 Single Family
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82
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
18/20
Location of Neighborhood
Far Close
19/20
Quality of Floor Plan
Choppy Flowing
15/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Located in Pompano Beach, is this 2 bedroom, 1 bathroom, concrete block, single-family home with a carport. The previous owner was waiting for permit revision and approval to convert the home into a 3 bedroom 2 bathroom layout. Architectural plans and all pertinent documentation were submitted, and approval is anticipated in the coming weeks—which can be transferred to a new investor.

There's plenty of market activity in the area, ranging from comps selling as high as $480,000 and rental comps as high as $3,300 per month. With such strong activity in the area, this creates solid exit strategies for either a flip or a rental. For more information, contact your EquityPro Advisor. 

Video walk through:https://youtu.be/mviEx2AK7zc

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We recommend flip
Rental Income
$2,800 mo. / $33,600 yr.
Maintenance
$1,000 / yr.
HOA Dues
$0 / yr.
$27,495
Projected Income
6.58%
Estimated APY
$47,200
Projected Income
10.78%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

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