10314 N Clinton Avenue, Glen St. Mary, FL 32040

$100,000.00

CMA Property Report

This 3-bedroom, 2-bathroom, 1,181-square-foot house presents an investor with an amazing opportunity for a high-yield flip. Located in Glen St Mary, about thirty minutes west of Jacksonville, this home has already been gutted and had the A/C ducts and units replaced, new electric wire and panels installed, and updated plumbing. The metal roof is from 2016. This means all an investor needs to do is install drywall, LVT flooring, kitchen cabinets and counter tops, and finish the bathrooms.

We estimate once the updates are finished, this home can sell for around $200 per square foot, which is about $235,000. This will yield almost a 35% ROI, or just over $60,000 in profit. This home could also be held as a rental with equity. We believe this home can be rented for around $1,600 per month, which is a 9% APY.

Homes with this type of return tend to go quickly.

Bedrooms: 3

Bathrooms: 2

Closing Costs to Sell $10,575

Projected Income $60,325
Estimated ROI 34.54%

 

Flip Rehab Details

Grounds
Lawn/Mulch beds $1,000.00
Fence $2,000.00
Interior
Drywall preparation – Drywall. $15,000.00
Interior paint $2,500.00
Vinyl flooring $6,000.00
Kitchen cabinets $7,500.00
Kitchen countertops $2,500.00
Kitchen appliances $3,000.00
Bathroom remodel – Complete the (2) bathrooms. $20,000.00
Closet/Interior doors $1,500.00
Light fixtures/Outlets $2,000.00
Other – As needed interior items. $500.00
Exterior
Exterior Paint $1,600.00
Other – As needed exterior items.  $500.00

For more details or to secure this deal, please reach out to your Georgia Grapevine advisor today!

Description