Cheap Melbourne Flip or Rental

Flip Return
Melbourne, FL 32935

Bedrooms: 1     Bathrooms:  1    SQFT: 540

Year: 1961      ARV: $67,000

One of the least expensive deals you’ll see in 2020, especially in the red hot real estate market of Brevard County. This Melbourne home built in 1961 contains 540 square feet with 1 bedroom and 1 bathroom. The interior is down to the studs so it needs everything from drywall to finishes. At such a low price, this property can work as both a  rental or a little flip where once the rehab is completed there is potential of a 30% return. Expected NET annual income should be around $6,000 giving buy and hold investors a NET ROI North of 11%. Give us a call or text for more information and to schedule a showing.

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