Here is a cosmetic flip with over 100k equity in Wekiva Run. Home features over 5000 sqft, 5 beds 3.5 baths and a 3 car garage. There is a large 1st-floor game room with a wet bar and a home theater. The property also has a large fenced yard and in-ground pool which has been recently resurfaced.
This home needs cosmetic updates only which include paint in/out, flooring, A/C in/out, appliances, minor kitchen and bath updates and landscaping for curb appeal.
Most of the comps are selling for about $125/SqFt but are 1500-2000 sqft smaller. Adjusting for the size we took off about $10 per 1000 SqFt. Using the conservative end of that spectrum that puts the ARV between $520k – $550k.