1247 Oakwood Dr
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This deal scores well across key metrics. Strong profit potential with acceptable risk profile.
Opportunity
Below-market acquisition in rapidly appreciating Tampa submarket. Estate sale with motivated seller -- property listed 23% below comps. Cosmetic rehab only: kitchen/bath refresh, LVP flooring, exterior paint. Strong rental fallback at $2,100/mo.
Risk
Roof is 18 years old -- inspection recommended before close. Flood zone X (low risk) but confirm insurance rates. HOA recorded a special assessment last quarter; verify clearance.
Strategy
Quick flip targeting 90-day turnaround. ARV supported by 4 closed comps within 0.3mi in last 6 months. Alternative: BRRRR at 75% LTV refi pulls $10K tax-free + $680/mo cash flow.
MLS listing #FL-298411 flagged: 23% below median zip price.
Tax assessed value $195K (2025). Listing at $185K confirmed below assessment.
4 comps found within 0.3mi, median $324K. ARV set at $325K.
Cosmetic scope: $42K (kitchen $18K, baths $12K, flooring $8K, exterior $4K).
Roof age 18yr -- flagged for inspection. No structural concerns detected.
STRONG BUY -- 39.4% ROI, $91.8K projected profit. Margin meter: 88/100.