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Sold about 7 years ago

$169,900

3 bd 2 ba 2221 sqft

3213 W Conrad, Tampa, FL 33607

Residential SFR Needs Repairs Off MLS

Current Rent **

$100

Projected Rent **

$1

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Tampa Flip - 15% Return

ARV: $299,900 ---------- Deposit Required: $5000 ----------
------------------------------------------------------------------------------------------------------The subject property is located in Tampa. We feel that it would make an excellent Flip because it is the 5th cheapest Block SFH in the entire county. This deal has the potential to earn an investor a 15% ROI. It can be purchased for 169,900, needs an estimated total of 60k in repairs as a Flip. So you would be all into the project for roughly 233k. The Flip comps of renovated homes in the area of this property, lead us to believe this property has an after repair value of 299,900. This means an investor can walk away with an estimated net profit of 40k. -------------------
Liana Rodriguez / Stonebridge Real Estate Group / Assistant / [email protected] / (863) 266-4074

Location:

3213 W Conrad, Tampa, FL 33607

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.