This is an upcoming renovation project in the Panama City, FL area. It will consist of roughly $20,000 in renovation cost. Please review the comparative market analysis report and photos. It’s about 4 miles from Tyndall Air Force Base, FL. Feel free to ask any questions you may have! Our exit strategy will be to refinance and transition the property to a rental property.
Purchase Price is $121,000
Project Investment Return: 10% annum
Renovations: ~$20,000
After Repair Value (ARV): $198,000
Average days on market for this neighborhood is 95 days
Estimated hold time is 4 months – 6 months