Real Estate News

Deep Creek Special 26108 Copiapo Cir. Punta Gorda, FL 33983 This is a block home with 3 bedrooms and 2 bathrooms with approx. 1672 sq.ft. of living space. There is an attached 1 car garage and the home sits on a very nice lot with a paved driveway. The home was built in 1988 and taxes last year were $2,585. This house is in move in condition Could use paint and a few screens replaced, if you wanted to spruce it up a bit. Great area of Deep Creek with strong sales This is greatly undervalued  DRIVE BY ONLY - DO NOT DISTURB TENANT (Will vacate before closing) Purchase Price: $165,000 Buying Costs: $1,500 Renovation Costs: $5,000 Total Cost of Investment: $171,500 ARV: $215,000 Selling Costs (4.5 Commission Included): $13,975 Net Profit: $29,525 ROI: 17.22 Annualized Return (90 Day Hold): 68.86 Comps: 1. 26191 COPIAPO CIR - 3/2/2, 1766 sq.ft. built in 2016, nice house, sold for $235k @ $133/ft in 46 days 2. 81 VALDIVA ST - 3/2/2, 1540 sq.ft. built in 2016, nice house, sold for $221k @ $143/ft in 120 days 3. 117 ANGOL ST - 4/2/2, 2145 sq.ft. built in 2006,  everything original from 2006, sold for $214k @ $99.7/ft in 23 days The Price is $165k