$269,000

Description

Port Charlotte, FL – Flip or Rental Opportunity | New Roof, HVAC, Windows | Strong ARV Spread:

Asking Price: 269,000
ARV: 370,000 to 395,000
Rehab: 15,000 to 40,000 (lipstick or light update depending on exit strategy)
Buyer Pays All Closing Costs
Assignment of Contract

Property Details:

3 Bedrooms
2 Bathrooms
1,756 SqFt
Built 1995
Lot Size: 10,001 SqFt / 0.22 Acres
Enclosed swimming pool with screened patio
Backyard storage shed
Fenced backyard
City water and sewer
HOA: 10.00 monthly
Occupancy: Vacant

Major System Upgrades:

Roof: New 2023.
HVAC: New 2023.
Windows: New compact windows installed 2023.
Electronic hurricane shutters.
Solar panels installed January 2025 (PAID OFF!!).
Whole-house water filtration system with reverse osmosis.
New security system installed.
These upgrades significantly reduce long-term cap-ex risk.

Interior & Exterior Condition:

Home is structurally sound.
Updates needed are primarily cosmetic depending on investor goals.
Light rehab can include: paint, flooring, bathroom refresh, kitchen upgrades.
Pool area and exterior screened enclosure in solid condition.
Strong curb appeal with minimal exterior renovation needed.
Investment Summary.

Flip Play:

Light cosmetic improvements can push ARV toward the 370,000 to 395,000 range.
New roof, HVAC, windows, filtration system, and solar drastically lower renovation burden.

Rental Play:

Market Rent: 2,200 to 2,400 per month.
Projected Gross Yield: 9.4 percent to 10.2 percent.
Strong long-term rental demand in Port Charlotte.
Lower maintenance costs due to newer systems.

Comparable Sales (Supporting ARV):

22435 Fortune Ave – 373,000
86 Zenith St – 360,000 (no pool)
23164 Hillside Ave – 370,000
254 Orlando Blvd – 395,000
23084 Corvin Ave – 390,000
334 MacArthur Dr – 389,500
These comps validate an ARV range of 370,000 to 395,000 depending on finish quality.

Exit Strategies:

Fix & Flip: Light renovation to maximize ARV.
Buy & Hold: Cash flowing rental with strong yield.
Mid-Term Rental Option: Pool homes rent well in this market.