OFF-MARKET TAMARAC SFR | VALUE-ADD FLIP / BUY & HOLD PLAY

2 Beds / 2 Baths • 1,775 SqFt
Offer Submission Deadline
  • Single Family House
  • 2
  • 2
  • 1969
  • 1775
  • 4640
  • Attached Garage

Description

Off-market single-family investment opportunity located in Tamarac, FL 33321. This deal has strong upside potential as a resale play after renovation, with rental potential also available for investors looking at a buy-and-hold strategy.

Property Details

  • Type: Single Family
  • Beds/Baths: 2 Bed / 2 Bath
  • Sq Ft: 1,775 sqft
  • Year Built: 1969
  • Stories: 1
  • Lot Size: 4,792 sqft
  • Garage: 1-car garage
  • Construction: Concrete block / masonry
  • Roof: Tile
  • Occupancy: Non-owner occupied
  • HOA: Yes — approx. 110/month
  • County: Broward
  • Exit Strategy: Flip or buy and hold
  • Title Company: Clear to Close Title Services

Financials

  • Asking Price: 269k
  • Estimated Rehab: 32.38k
  • Estimated ARV: 383.95k
  • Purchase + Rehab Basis: 301.38k
  • Gross Potential Profit: 82.57k
  • Gross ROI Before Costs: 27.4%
  • All-In Basis Before Closing/Selling Costs: 78.5% of ARV

Estimated Taxes, Insurance & Transaction Costs

  • Annual Property Taxes: Approx. 7.85k/year
  • 6-Month Tax Hold: Approx. 3.92k
  • Annual Insurance Estimate: Approx. 4.5k/year
  • 6-Month Insurance Hold: Approx. 2.25k
  • HOA Hold — 6 Months: Approx. 660
  • Utilities / Misc. Holding Costs: Approx. 900
  • Purchase Closing Costs: Approx. 4.57k
  • Selling Costs + Commission: Approx. 22.65k

Net Flip Estimate — Cash / No Financing

  • Total Estimated Cost: 336.34k
  • Estimated Net Profit: 47.61k
  • Net ROI: 14.2%

Buy & Hold Strategy

  • Estimated Market Rent: 2.76k/month
  • Potential Gross Annual Rent: 33.13k/year
  • Purchase + Rehab Basis: 301.38k
  • Gross Rent Yield: 11.0%

Estimated Annual Rental Expenses

  • Property Taxes: 7.85k/year
  • Insurance Estimate: 4.5k/year
  • HOA: 1.32k/year
  • Vacancy Reserve: Approx. 1.66k/year
  • Repairs / Maintenance Reserve: Approx. 2.65k/year
  • Property Management: Approx. 2.65k/year

Estimated Buy & Hold Return

  • Estimated Annual NOI: Approx. 12.51k
  • Cap Rate on Purchase + Rehab Basis: 4.1%
  • Cap Rate on Full Flip-Cost Basis: Approx. 3.7%

Flip Strategy Takeaway

At 269k purchase price and 32.38k rehab, the deal still works stronger as a flip than a rental. The projected net profit is approximately 47.61k after estimated taxes, insurance, HOA, closing costs, holding costs, and resale commission.

Buy & Hold Takeaway

As a rental, the gross rent estimate looks good at approximately 2.76k/month, but taxes, insurance, HOA, vacancy, maintenance, and management bring the net return down. This may work for a long-term hold buyer, but the cleaner exit appears to be a cosmetic/value-add resale.

Next Steps

  • Contact us if you need more information
  • Schedule a property walkthrough, if applicable
  • Make an offer directly on this page
  • Sign an assignment agreement or direct agreement
  • Send EMD within 3 hours of signing the agreement
  • Lock up the deal
  • Make money and repeat
  • Title company: Clear to Close Title Services

For questions or to make a deal happen, call me:

George — (954) 282-1367

Disclaimers

IMPORTANT: This listing represents an assignment of a purchase contract or a direct contract as a double close, if applicable—not a direct property sale. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but is not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing, and no real estate agent relationship is implied or established through this marketing material.

Buyer must verify ARV, rehab, rent estimate, taxes, insurance, HOA, occupancy, title, closing costs, financing costs, and all due diligence prior to closing.

Time-sensitive opportunity—this contract is being offered to multiple investors.

Estimated Spread

  • ARV $380,000
  • Price $259,000
  • Spread $121,000

DOCS

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