Flip or BRRRR Opportunity at 343 Ridgewood Dr in Daphne!

3 Beds / 2.5 Baths โ€ข 1,600 SqFt
Offer Submission Deadline
  • Single Family House
  • 3
  • 2.5
  • 1993
  • 1600
  • 7840
  • No Garage

Description

343 Ridgewood Dr, Daphne, AL 36526

๐Ÿ’ฐ Asking Price: $150,000

๐Ÿ“… Close of Escrow: On or before 10/24/2025

๐Ÿ“ธ Photos above!

๐Ÿ“‹ Property Details

๐Ÿ›๏ธ 3 Bed / ๐Ÿšฟ 2.5 Bath

๐Ÿ“ Total: 1,600 Sq Ft ยท ๐Ÿ— Year Built: 1993

๐Ÿ“ Lot Size: 7840 Sq Ft ยท ๐Ÿš— Parking: 2 (carport)

๐Ÿ— Foundation Type: Crawl Space

๐Ÿ’ง Utilities: City Water, City Sewer

๐Ÿ  Occupancy: Vacant โ†’ To Be Delivered Vacant

๐Ÿ”ง Big Ticket Items

Roof - Age: 12+ years old

HVAC - Age: 2016/2017

Water Heater - Age: 2016 years old

๐Ÿ’ฒ Buy & Hold Snapshot

โœ… 1% Rule Check: 0.95% ($1,900 rent on a $200,000 total cost basis)

Note: guideline only, varies by market.

๐Ÿ” Comparable Sales Breakdown

(CMV) 205 Montclair Loop, Daphne, AL 36526

3 Bed / 2 Bath ยท 1,872 Sq Ft ยท 0.25 Acres

Residential โ€“ Move-in Ready

Sold $200,500 on 1/29/2025

๐Ÿ”— View Listing

(CMV) 117 Donna Cir, Daphne, AL 36526

3 Bed / 2 Bath ยท 1,762 Sq Ft ยท 10018 sqft Acres

Residential โ€“ Move-in Ready

Sold $264,000 on 12/3/2024

๐Ÿ”— View Listing

๐Ÿšช Occupancy & Terms

Occupancy: Vacant, to be delivered Vacant

EMD: $1,000 Due within 24 hours of signed purchase offer

๐Ÿฆ Financing Types Allowed:

Cash

โ„น Contact Information

๐Ÿ“ž Call or Text: Evan Templeton

๐Ÿ“ฑ Personal: (813) 928*5017

โœ‰ Email: evan@tcipropertygroup.com

Estimated Spread

  • ARV $250,000
  • Price $150,000
  • Spread $100,000

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