STRANDPARK

8494 Filifera Ct, Port Saint Lucie, FL 34952

2 Beds / 2 Baths.

1,248 sqft Living Area (per tax records)

1 Acres Lot

1990 Year Build

CLICK TO VIEW PICTURES AND VIDEOS

Investment and Property Details

At Strandpark Properties, we believe in creating win-win opportunities. By allowing our clients to sponsor rehab projects, we not only share the financial success but also foster a collaborative partnership. While we have the resources to fund these projects ourselves, we value the insights and involvement of our clients. This unique approach allows you to earn 55% return on your investment when the property is flipped, making it a lucrative opportunity for everyone involved. Explore our current deals and join us in transforming properties into profitable ventures.

Purchase price:

$150,000

After Repair Value:

$265,000

Investment Duration:

48 Days

Return on Investment:

55%

Rehab Cost

$42,000

Agreed Purchase Price:

The end buyer has agreed to purchase the property for $250,000 and has made a 20% non refundable deposit towards the ARV.

Security

Rock-solid, legally binding joint venture agreement guaranteeing your investment return and protection regardless of project outcome.

Strandpark properties JV contract agreementDownload

Lead Contractor

Matthew Gibson

Rehab Cost Breakdown

Pre-Construction Costs

  • Architects/Engineers: $2,000
  • Permits & Fees: $1,500
  • Insurance: $1,000
  • Contingency: $2,500 Total Pre-Construction: $7,000

Construction Costs

Exterior:

  • Roof Replacement: $5,000
  • Exterior Painting: $2,500
  • Landscaping: $1,000 Total Exterior: $8,500

Interior:

  • Kitchen Remodel: $6,000
    • New cabinets, countertops, appliances, flooring
  • Bathroom Remodel: $4,000
    • New vanity, toilet, tub/shower, flooring, tile
  • Flooring: $3,000 (remaining areas)
  • Interior Painting: $2,500
  • Electrical Upgrades: $1,500
  • HVAC Replacement: $3,000
  • Plumbing Upgrades: $1,000 Total Interior: $21,000

Porch:

  • Repairs & Upgrades: $3,000 (average cost, considering potential issues and desired improvements)

Post-Construction Costs:

  • Cleaning: $500
  • Staging: $1,000
  • Photography/Video: $1,000 Total Post-Construction: $2,500

Total Rehab Cost: $42,000