230 Wood St

Opportunity has a funny habit of planting itself on quiet streets with modest exteriors and letting the numbers do the talking. On Wood Street in Century, Florida, sits exactly that kind of property — 1,118 square feet of wood-frame character on city water and city sewer (no septic surprises lurking beneath the lawn), wearing a metal roof that has survived over a decade of Panhandle summers without complaint. Priced at $67,000, with no central A/C — which is either a problem or a blank canvas, depending on your perspective. The smart money knows the difference. The current owner would like to remain as a tenant at market-rate rent, offering day-one cash flow. Prefer vacant possession? That's on the table too. Buyer's prerogative. The Numbers Asking Price$67,000Est. Rehab (A/C + cosmetic)$25,000–$30,000All-In Cost~$97,000ARV$155,000–$160,000Gross Equity at ARV~$60,500 over all-in Rental Hold (Post-Rehab) Market rent: ~$1,100–$1,250/mo NOI: ~$9,660/yr Cap Rate (on purchase price): ~14.4% Cash-on-Cash ROI: ~9.9% Flip Scenario Est. Net Profit: ~$50,400 ROI: ~51.9% Comps — 32535 Market As-is / distressed sales: $46,000–$65,000 Renovated 3/2 comparables: $130,000–$150,000 Zip code median sale price: $190,381 Renovated subject-similar homes: $155,000–$160,000 ✓ supports ARV