Flip Opportunity on Hand Ave in Bay Minette!
-
Single Family House -
3 -
2 -
1955 -
1889 -
10685 -
No Garage
Description
@Property_Address, @Property_City, @Property_City, @Property_Zip
@Asking_price_from_Listing_tab Starting Price on @Estimated_ARV_from_Listing_tab ARV!
Solid $30k Profit on Flip or Roughly BRRRR Rental at almost 1% Rule!
3/2 on slab in neighborhood, 1,352 sq ft, Built 2002
@Bedroom, @Bathroom, @Sq_Ft, Built in @Year_Built
Photo Link:
Zillow: Previous listing
THE NUMBERS:
Starting Price:
ARV:
Rehab:
Profit:
Market Rent:
Flip Option:
Purchase Price (145k) + Flip Rehab (32k) = Total Investment (177k)
ARV (215k) - 7% selling costs (15k) - Total Investment (173k) = Gross Profit (23,000)
Best Full Flip Comps:
929 Joaneen Dr, Saraland, AL 36571 - $215,000 (listing link)
Sold July 2025 - Nice updates, painted cabinets & new counters.
517 Kimberly Dr, Saraland, AL 36571 - $208,000 (listing link)
Older comp, sold 2023, but it's the only comp on the same street as subject in the past couple years.
Buy & Hold Option:
Purchase Price (145k) + Rent Rehab (16k) = Total Inv (161k)
Market Rent: $1,400-$1,600
Property Overview:
3 bed / 2 bath
1,352 sq ft
Year Built - 2002
Lot Size - 0.13 acres
Condition Details:
Roof - missing shingles; could be repaired
Windows - double pane
HVAC age - 2024 inside, 2011 outside, working well
Water Heater - 2008, works
Foundation - slab
Electrical - original
Plumbing lines - original
Water source - City
Sewage - City
Termite bond - No
Pet Owner - Yes
Smoker - No
Garage / Carport - Neither
Fence - Yes
Cosmetic Details:
Exterior - vinyl
Ceiling - popcorn
Flooring - carpet/linoleum
Kitchen cabinets - original, unpainted
Kitchen appliances - white fridge, stove, microwave; stainless dishwasher; all working well
Bathrooms - original
Pool - No
Other Details:
HOA: None
Rental Vacancy/tenant - Not rented (owner occupied)
Easement - n/a
Post-closing occupancy - None
Flood Zone - n/a
Tentative Close Date on or Before 09/30/2025. Subject to change.
Evan Templeton
TCI Property Group
eXp Realty
Daphne, AL
251-644-6786
evan@tcipropertygroup.com
Estimated Spread
- ARV $260,000
- Price $175,000
- Spread $85,000
