This is an upcoming renovation project in the Panama City, FL area. It will consist of roughly $15,000 in renovation cost. The townhouse has a new roof and new windows and minimuim interior updates. Please review the compartive market analysis report and photos. This project will be refinanced and kept as a rental. Feel free to ask any questions you may have!
Purchase Price is $75,000
Project Investment Return: 10% annum
After Repair Value (ARV): $120,000
Average days on market for this neighborhood is 78 days
Estimated hold time is 4 months – 6 months