Pescara Lakes, Bradenton FL

Deal: Flip (Mobile Home) Status: Sold Hold: ~2 months

Thesis: Acquire at extreme discount in a park with ~$40K+ renovated comps, invest minimal CapEx, and exit quickly to capture spread before lot rent eroded profits.

Sale Price
$16,000
Net Profit
≈ $9,300
ROI
~140% (2 months)
Pescara Lakes Sold Flip
Pescara Lakes — Sold Flip

Scope of Work

  • Cosmetic touch-ups (paint, minor fixes)
  • Basic cleaning and trash-out
  • Minor plumbing/handyman adjustments
  • No structural or major system replacements

Financials

Purchase Price$2,500
CapEx / Repairs$2,000
Holding Costs≈ $2,172 (2 × $1,086 lot rent)
Total All-In Basis≈ $6,672
Sale Price$16,000
Net Profit≈ $9,300
ROI~140% cash-on-cash (2 months)

Executed as a quick flip; park policy was flip-only (no rental fallback).

Timeline

Planned: Quick flip within 3 months.
Actual: Closed and resold in ~2 months.

Risk Register

  • Lot Rent Burn: High monthly cost → priced to move; closed quickly.
  • Park Restrictions: Flip-only policy; no rental fallback.
  • Market Liquidity: Targeted buyers seeking affordable entry vs. $40K+ comps.

Vendors & Compliance

  • Repairs handled with basic handyman work
  • No permits required
  • No major systems touched

Outcome

  • Fast Turnaround: $2.5K → $16K in ~2 months
  • Lean Execution: Minimal rehab preserved margin
  • Proof of Concept: Disciplined acquisition → quick, profitable exit

Lessons Learned

  • ✅ Quick, low-cost flips can produce outsized ROI when holding costs are high
  • ✅ Simple cosmetics maximize spread without over-investing
  • ⚠️ Negotiate with park management to reduce lot rent on short holds
  • ⚠️ Line up buyers in advance to compress cycle time further