Additional Details

• Ideal Investment Strategy: Rental/Resale
• Potential ARV: $190,000 - $210,000
• Estimated Rehab: $10,000 - $30,000
• Comparable Rent: $1200 - $1300
• Construction: CBS
• Occupancy: Tenant on lease until the end of December.
• Comp 1: 3080 E Slate St, Inverness, FL 34452 -- 2/2/1198 sq ft -- PENDING $230k -- (Pending in 4 days, Clean but dated)
• Comp 2: 6094 E Penrose St, Inverness, FL 34452 -- 2/1/912 sq ft -- PENDING $195k -- (Pending in 1 Day! 25% smaller sq ft, rental-condition)
• Rental Comp: 3523 S Diamond Ave, Inverness, FL 34452 -- 2/1/933 sq ft -- LEASED $1275/mo MAR 2022 -- (25% smaller sq ft, Dated rental condition)
• Rental Comp: 1135 Blue Bonnet Ter, Inverness, FL 34452 -- 2/1/1300 sq ft -- LEASED $1250/mo FEB 2022 -- (Similar layout, Dated rental condition)
• Rehab Description: For a rental, this property does not need much. The HVAC and roof appear to be in overall good shape. Minor patchwork may be needed for the roof. Replace ceiling drywall in some spots. For a flip, a cosmetic rehab is optional. If seeking higher ARV, remodel the kitchen and bathroom. Roof overall appears to be in fair shape, minor patchwork may be needed. Replace ceiling drywall in some spots and apply fresh interior and exterior paint to boost curb appeal!
• Features: Rental or Flip strategy! This 2-bedroom, 1-bathroom CBS block home sits in a nice residential pocket of Inverness where nearby homes are being renovated. The property features a 1-car garage, a large bonus room that can potentially be converted to a third bedroom, a shed out back, and boasts high curb appeal with nice landscaping out front! Don't miss out on this well maintained CASH COW with equity in Inverness!
• Important Details: Tenant on lease until the end of December.
• Hard Money: Pre-Approved by OPS Loans for up to 65% LTV – See OPS Loans Tab