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Real Estate Deal Analysis & Advice

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April Thibodeaux
  • Branford, FL
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Need Input on Possible Rehab Project

April Thibodeaux
  • Branford, FL
Posted Jan 14 2018, 00:13

Hello everyone,

I have been looking at properties and this one caught my eye today, I am wanting some opinions from others. It's a 2 bed 2 bath, 1602 sq ft home in a nice neighborhood where house sales average 180k. It suffered flood damage from hurricane Irma. All bad drywall has been removed according to the description and pictures. The rest of the house looks good from what pictures show, even the tile floors. The listing price is $89,900. The sellers estimates are 30k-40k in rehab and ARV 179k. An additional bedroom would be a good idea if it fits. The house sits on the creek that the subdivision is named after. Any opinions are welcome, I really like the look of this house and I feel like it could look great with some work. This area has under three months of supply and this is one of the nicer neighborhoods in it.

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