Titusville Flip or Rental 25%+ ROI
Titusville, FL 32796
Bedrooms: 3 Bathrooms: 2 SQFT: 1,260 Year Built: 1990 ARV: $170,000
Very well-maintained house in the North Titusville community of American Village. The house is a 3 bedroom, 2 bathroom with almost 1,300 square feet and has a newer roof. Currently, there is a tenant with a lease until the end of the year paying $850 a month. So not quite an immediate flip but will be worth the wait while you collect a nice rental return for a couple of months. The main repair to the property looks to be past settlement on the back side of the house. From what we gather, the Insurance company did not approve a claim after inspection a couple years ago and an independent engineer agreed that it was caused by standard settlement of the property. Either way, at this price, there looks to be a good profit with comps going up to $170,000. There will also be the typical cosmetic rehab including kitchen, bathrooms, flooring, paint, etc. The house would also be a great property to hold long term with rent rates in Titusville "sky rocketing!" pun intended. Give us a call to take a look.