OFF-MARKET TAMARAC SFR | VALUE-ADD FLIP / BUY & HOLD PLAY

Off-market single-family investment opportunity located in Tamarac, FL 33321. This deal has strong upside potential as a resale play after renovation, with rental potential also available for investors looking at a buy-and-hold strategy.

Property Details

Type: Single Family

Beds/Baths: 2 Bed / 2 Bath

Sq Ft: 1,775 sqft

Year Built: 1969

Stories: 1

Lot Size: 4,792 sqft

Garage: 1-car garage

Construction: Concrete block / masonry

Roof: Tile

Occupancy: Non-owner occupied

HOA: Yes - approx. 110/month

County: Broward

Exit Strategy: Flip or buy and hold

Title Company: Clear to Close Title Services

Financials

Estimated Rehab: 32.38k

Estimated ARV: $380,000

Purchase + Rehab Basis: 301.38k

Gross Potential Profit: 82.57k

Gross ROI Before Costs: 27.4%

All-In Basis Before Closing/Selling Costs: 78.5% of ARV

Estimated Taxes, Insurance & Transaction Costs

Annual Property Taxes: Approx. 7.85k/year

6-Month Tax Hold: Approx. 3.92k

Annual Insurance Estimate: Approx. 4.5k/year

6-Month Insurance Hold: Approx. 2.25k

HOA Hold - 6 Months: Approx. 660

Utilities / Misc. Holding Costs: Approx. 900

Purchase Closing Costs: Approx. 4.57k

Selling Costs + Commission: Approx. 22.65k

Net Flip Estimate - Cash / No Financing

Total Estimated Cost: 336.34k

Estimated Net Profit: 47.61k

Net ROI: 14.2%

Buy & Hold Strategy

Estimated Market Rent: 2.76k/month

Potential Gross Annual Rent: 33.13k/year

Purchase + Rehab Basis: 301.38k

Gross Rent Yield: 11.0%

Estimated Annual Rental Expenses

Property Taxes: 7.85k/year

Insurance Estimate: 4.5k/year

HOA: 1.32k/year

Vacancy Reserve: Approx. 1.66k/year

Repairs / Maintenance Reserve: Approx. 2.65k/year

Property Management: Approx. 2.65k/year

Estimated Buy & Hold Return

Estimated Annual NOI: Approx. 12.51k

Cap Rate on Purchase + Rehab Basis: 4.1%

Cap Rate on Full Flip-Cost Basis: Approx. 3.7%

Flip Strategy Takeaway

At 269k purchase price and 32.38k rehab, the deal still works stronger as a flip than a rental. The projected net profit is approximately 47.61k after estimated taxes, insurance, HOA, closing costs, holding costs, and resale commission.

Buy & Hold Takeaway

As a rental, the gross rent estimate looks good at approximately 2.76k/month, but taxes, insurance, HOA, vacancy, maintenance, and management bring the net return down. This may work for a long-term hold buyer, but the cleaner exit appears to be a cosmetic/value-add resale.

Next Steps

Sign an assignment agreement or direct agreement

Send EMD within 3 hours of signing the agreement

Lock up the deal

Make money and repeat

Title company: Clear to Close Title Services

Disclaimers

IMPORTANT: This listing represents an assignment of a purchase contract or a direct contract as a double close, if applicable-not a direct property sale. This opportunity is offered to qualified real estate investors only. This is not a retail property listing, and no real estate agent relationship is implied or established through this marketing material.

Time-sensitive opportunity-this contract is being offered to multiple investors.