Low Cost Flip Near Gainesville – NE 71st Place, Hawthorne, FL 32640 Pending

  • $47,500
  • 3 beds
  • 1 baths
  • 1,051 sqft

Here is a well maintained home that just needs a little TLC to make rent or flip ready. It is a 1051 square foot single family home consisting of 3 bedrooms and 1 bathroom sitting on a third of an acre. The home has a new Water Heater, newer HVAC, along with many other upgrades and a roof that was fully replaced in 2014. There is a front screened in porch and a good sized back yard with a new well. The previous tenant was paying $750 per month for a yield near 11%. The current market rate is $1050 per month, but I am playing it safe at $900 per month to produce over 13% APY. On the ‘flip’ side, you can do a bit more updating, to generate a 30% ROI. And is only 20 minutes from UF in Gainesville.


  • After Repair Value:  $90,000
  • Closing Costs to Buy:  $2,500
  • Rehab Projection:  $15,000
  • Closing Costs to Sell:  $4,000

Comps:

17016 NE 72ND PL , HAWTHORNE, FLORIDA, 32640
  • $112,000
  • 3 bed / 2 bath 
  • 1,536 sq ft
14128 NE STATE ROAD 26 , GAINESVILLE, FLORIDA, 32641
  • $189,900
  • 3 bed / 3 bath 
  • 1,453 sq ft
5811 NE County Road 1469, Hawthorne, FL 32640
  • $135,000
  • 3 bed / 2 bath 
  • 1,650 sq ft
Price:
$47,500
Address:
NE 71st Place
Hawthorne, Florida 32640
Square Feet:
1,051
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1959

Call 321-766-9338 for more details

Property Location