SFH 3/1 with 1,473 SF in Delray Beach. Estimated repairs $50K. Strong ARV of $430,000 offers 44% equity spread. Potential 15% gross rent yield at $3,000/mo. Wholesaler-vetted deal from Home Venture Investments.
3 Beds
1 Baths
1,473 Sqft
Built 1970
SFH
6,970 Sqft Lot
Asking
$240K
Wholesaler Price
ARV
$430K
Wholesaler Estimate
Spread
$190K
56¢ on the dollar
ARV Comparison
Wholesaler ARV
$430K
56¢ on the dollar
Rocket ARV
$389K
62¢ on the dollar
Overview
Big Tickets
Roof
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Not verified Impact Windows
Not verified HVAC
Not verified Water Heater
Not verified
Property Details
Public Records
1
Stories
6,970 SF
Lot Size
Stucco
Exterior
Composition Shingle
Roof Type
R-1-A
Zoning
DELRAY BEACH HGTS 1ST ADD
Subdivision
Highlights
$190K spread
ARV $430K
$50K repairs
$3,000/mo rent
Sales Comps
Rocket
Subject
Comp
Rental Income
Rocket
$2,960/mo
Market Rent Estimate
$2,460
$3,470
$35,520
Annual Rent
14.8%
Gross Yield
$2.01
Rent/Sqft
$987
Per Bedroom
Tax & Assessment
Public Records
Assessed Value
$300,048
Annual Tax
$2,306
Tax Year
2023
Effective Tax Rate
0.77%
Sale History
Public Records
Last Sold: 2000-05-04T00:00:00.000Z
$260,000
+65% appreciation ($170K) in 26 years
