Just came across a deal going to auction that has huge ROI potential — one of those opportunities that gets your investor brain firing. 📍 Property Details - 5 Bedrooms / 3 Bathrooms - Nearly move-in ready — minimal renovations required - Located in a solid area with strong resale potential 📊 The Numbers - Projected Auction Purchase Price: $250,000 - Rehab Budget: $35,000 (mostly cosmetic updates & touch-ups) - Closing Costs: $40,000 (auction fees, title, insurance, etc.) - Holding Costs: $10,000 (utilities, taxes, short-term financing) - Total Project Cost: $335,000 💰 After Repair Value (ARV): $500,000📈 Projected Profit: $165,000💵 ROI Potential: ~50% Why I like this deal: - Minimal renovation = faster turnaround = less risk of market shifts eating into profit. - High spread between total cost and ARV gives plenty of cushion. - Auction format means there’s a chance to snag it below market if competition is low that day. If you were bidding on this, what’s the highest auction price you’d be comfortable going to while still keeping a healthy margin? https://www.auction.com/details/151-prestwick-dr-davenport-fl-1820928

Welcome to Auction Property Academy. I'm excited to have you apart of this amazing community! That being said, I want to go over some community guidelines with you all and give you a chance to introduce yourself and get active in this community Step 1: IMPORTANT - First please introduce yourself in the Welcome tab using this copy-paste template 1. What's your name? 2. Where are you from/based? 3. What you wanna learn about from this community? Step 2: Head over to the modules and start going through the content Step 3: Answer the poll below Step 4: Comment on this post to let you know you've introduced yourself. Last thing, be respectful, add value and follow the rules. Welcome to the best Auction Property Academy in the world. Glad to have you. - Tiffany