This is our latest Panama City renovation offering! This home owner responded to our latest postcard mailing campaign. The Panama City, FL market is continuing to be great for sellers. March 2021 we had a total of only 1.6 months of housing inventory. Both of our current projects listed on MLS the last two months have gone for above listed price with one closing early next month and the other closing the later part of June. Additionally, 929 Lee Ct renovation will be completed by end of next week.
Purchase Price: $75,000
Project Investment Return: 10% annum
After Repair Value (ARV): ~$154,000
Average days on market for this neighborhood is 65 days
Estimated hold time is 4 months – 6 months