Daytona Beach, Florida - Fix and Flip Loan
Private Lender Terms
Location: Daytona Beach, FL
Purchase Price: $89,500
Reno Amt: $65,000
Loan Amt: $128,250
Actual Term: 13 mo.
Net Profit: $49,750
Cash-on-Cash: 118%
This renovation was completed in Dayton Beach. Blue Bay Capital provided the purchase loan and the renovation funding to completely gut this project. Our real estate investor did a fantastic job, and used the “beach life” colors to bring this project to life. The property was under contract before the renovation was even complete, and is now used as a short-term vacation rental in Daytona Florida!
Sometimes it’s hard to envision the potential of a small tight space. This takes creativity and ingenuity on behalf of our real estate investors. With the right contractor and enough experience, an investor can see through the muck and the grime and create a truly stunning, attractive space even in the worst of conditions!
This property had a unique living space above the main living room. With the attic a bit smaller than needed, they opened up the upstairs to create the perfect mother-in-law area while maximizing the potential of the beach access property in Dayton Beach FL!
Favor fortunes the brave, and this saying cannot be more daily evident with a property’s aesthetic look. Understanding the location of the property and the type of end buyer you're trying to attract goes a long way in determining the "look of a renovated property. We LOVE the ocean colors used in this renovation!
Remember that tight cramped kitchen? Well, our investor opened up a wall and created a galley kitchen to rival a magazine article! Utilizing space is a must, and understanding to get the most out of a room that is considered a selling point for most homeowners is critical
What a difference! Our investor used the upstairs living area and transformed it! The short-term investor who bought this property is sure to use it to maximize their profits! Again it all comes down to the end buyer and building out your idea to suite their needs!
Are you looking for funding on your next Florida real estate deal? Why not work with a Florida Private Lender!
Are you interested to see what loan programs Blue Bay Capital has to offer? We fund Fix and Flippers, Builders, and Wholesalers!
