Leesburg Flip or Rental

Flip Return

Leesburg, FL 34788

Bedrooms: 3     Bathrooms:  2    SQFT: 1,188

Year: 2000     ARV: $97,500

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Solid flip or rent opportunity with this 2000 built manufactured home in a deeded community (HOA is only ten dollars a month).  This one consists of 1,188 square feet of living space featuring 3 bedrooms, 2 bathrooms, a carport and a deep lot. Interior access is still a question so interior rehab is unknown. It does look like it’s been maintained by the owner and some updating has been done with in the past 8 years. We have an estimated flip budget of about $18K which should be plenty to get the home on the market and sold. Nothing has sold in the community for less than $95,000 and the one across the street sold for $114,000 in ZERO days. As far as holding it as a rental the return should be around 12% with $7,500 in rehab and a month rent rate of $950. Contact us if these deal numbers look appealing.

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