Aug 11 • Deal Hub
🚨Deal Breakdown in Davenport, FL
Just came across a deal going to auction that has huge ROI potential — one of those opportunities that gets your investor brain firing.
📍 Property Details
- 5 Bedrooms / 3 Bathrooms
- Nearly move-in ready — minimal renovations required
- Located in a solid area with strong resale potential
📊 The Numbers
- Projected Auction Purchase Price: $250,000
- Rehab Budget: $35,000 (mostly cosmetic updates & touch-ups)
- Closing Costs: $40,000 (auction fees, title, insurance, etc.)
- Holding Costs: $10,000 (utilities, taxes, short-term financing)
- Total Project Cost: $335,000
💰 After Repair Value (ARV): $500,000📈 Projected Profit: $165,000💵 ROI Potential: ~50%
Why I like this deal:
- Minimal renovation = faster turnaround = less risk of market shifts eating into profit.
- High spread between total cost and ARV gives plenty of cushion.
- Auction format means there’s a chance to snag it below market if competition is low that day.
If you were bidding on this, what’s the highest auction price you’d be comfortable going to while still keeping a healthy margin?
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🚨Deal Breakdown in Davenport, FL
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