๐ ๏ธ ๐ฅ Investment Opportunity in a very active neighborhood in Pensacola, FL at an Unbeatable Price!
๐ Property Highlights:
Incredible Value: 51% of After Repair Value (ARV 160k)!๐
๐ธ Rental Potential: $1200-1400 ๐ธย
Excellent DSCR at 1.34% (assuming 115K all-in)
Off-Market Gem: Grab this deal before it hits the market! ๐
HOA: None ๐ซ
Location: Situated on the very active Pen Haven Subdivision, in Pensacola FL๐ด
Lots of flips and rental activity in that area, plenty of opportunity to serve the housing demand.
๐ต Asking Price: Just $61,000: A steal for savvy investors! ๐ท๏ธ
โ Water Heater 2012
โ Single pane aluminum, jalousie style windows
๐จEstimated Rehab: ~28-41Kย costs will vary with every investor
๐ก Needs —
๐ง New roof, flooring, paint interior, kit and bath outfitting
๐ช Could use: new windows, split level or HVAC, exterior paint
๐Photos
๐ฃAttention Investors!
This is your chance to own a solid rental at an incredible price. The flip potential is strong, with the ARV price point well into the highest demand and affordability range. Whether you’re into flipping or renting, this property offers flexibility and profit potential.
Comps:
13 Randolph Dr 3/1 918ft2, SOLD 11/23 for $170,000 50 DOM Fully remodeledย
39 Pen Haven Dr 2/1 784ft2 SOLD 10/23 for $170,000 50 DOM Fully remodeled
31 Besma Dr 3/2 1160ft2 SOLD 12/23 for $160,000 99 DOM Fully remodeled
38 Besma Dr 4/1 1121ft2 SOLD 1/24 FOR $160,000 161 DOM Fully remodeled
22 Carey Ave 2/1 843ft2 SOLD AS-IS 10/23 $107,000 110 DOM
#RealEstateInvesting #FixAndFlip #PensacolaRealEstate #OffMarketDeals #HighReturnInvestment #CashFlowProperty #InvestmentOpportunity