Daytona Beach Flip w/ Newer Metal Roof ~ $135k Gross Margin!

About this property

A Daytona Beach flip opportunity with an approximate $135k gross margin against an ARV of roughly $240,000. The vacant wood-frame house needs a full renovation at a moderate to heavy repair level, with a metal roof 5-6 years old and an A/C that needs replacing. The property is on city water and sewer, is not in a flood zone, and carries 1210-MIXED-COM LAND W/SFR zoning that would allow the home to be converted to a duplex. Market rent is estimated at $2,000-2,100 per month, with area comps selling at $286k, $255k, $250k, $241k, $240k, and $236k. ARV, estimated repair costs, and similar figures are estimates, and buyers should conduct their own analysis and diligence on all aspects of the property.

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