This Fix and Flip project is located in a desirable Southside Lompoc neighborhood. The scope of work includes a quick clean up and paint touch ups as needed. The property will listed for sale in about one week after purchasing.
Purchase Price $500,000
Renovation $10,000
After Repair Value $585,000
Buy In $90,000
Projected $ Return $8,250
Projected % Return 9% Cash on Cash
Projected % Return 30% Annualized
Projected Timeframe 4 months
Comparable Sales:
433 S X St, Lompoc
4 bed / 2 bath 1864 sq ft.
Sold 10/19/2021
$565,000
509 S Z St, Lompoc
4 bed / 2 bath 1864 sq ft.
Sold 02/09/22
$589,000
617 S C St, Lompoc
4 bed / 3 bath 2204 sq ft.
Sold 03/04/2022
$715,000