Massachusetts Ave., St. Cloud, FL 34769

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Two homes are right next to each other, and priced well enough to flip! The deal also presents itself as a good rental opportunity. The smaller home is in good condition, almost rent ready now as it sits. The larger home isn’t in too bad shape either, although it is in need of a new roof and some updating.

• 2/1 (867sf) Comps: ARV*: $160,000

Within a half mile, you have zero rehabbed actives. You have 2 decent rehabs that are similar in size sold for 185/sf and 187/sf. You have non rehabbed homes of this size selling for 166/sf+.

View Comps Here for 2/1

• 2/2 (1,522 sf) Comps: ARV*: $215,000+

You have a bunch of comps that are rehabbed. The consensus is pretty much, 150/sf for rehabbed homes that are 2/2’s regardless of the age. I took an average. If you look at the pendings, that average will go way up once closed.

View Comps Here for 2/2

Est. Rehab: $60,000 – $70,000

Est. Monthly Rent: $2,200 – $2,300

Es.t ARV: $375,000