Flip in Augusta, GA

[Kenneth Mooney]

3 bedroom/2 bath flip in Augusta, GA.  Asking price is 90k.  There is a house up the street that sold for $320,000. 

It is going to be a very nice house and would be a perfect flip for the creative soul. Tons of potential and would be a really fun property to work on. 

I've got a quote from my contractor for $95,000 for the work.  We are planning on making it have very high end finishes. I've got 3-5 comparable sales confirming that the house will sell for anywhere between $265,000-$320,000 depending on the level of finishes you put in it. 

Tons of potential and a good amount of money to be made. Depending on financing could be looking at a 34.6% COC return to a 62.5% COC return (cash financing). If you were to have points and interest you can expect the return to be lower.