Cheap And Easy Orlando Flip or Rental

  • House
    1225 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $102,000
    Status : Sold
    Year Built : 1972
 Description
Property Description: Unlimited options with this new Orlando OFF MARKET, 3/2 BLOCK house in the most desirable part of Orlando. Walking distance from Valencia College West Campus. FIFTH CHEAPEST property in the zip code. Existing tenants have 7 months left of lease but willing to move. Sold Comps are selling under 15 DAYS at an average of $125/sqft.  Don’t let this opportunity pass you by. It’s worth it!

Property features include: a sturdy shingle roof, floors, clean kitchen, nicely maintained bathrooms, fully intact central AC system and 2 car carport. Call or email for more details. This property is certain to sell quickly!

Flip Rehab: 15k-20k
Kitchen and bath updates, refinish floors, modern fixtures, cosmetics, and landscaping.

Rental Rehab: 3k-5k
Kitchen updates, refinish floors, fixtures, cosmetics, and landscaping.
 Rehab Work Needed
  • Appliances
  • Bathroom
  • Floor
  • Kitchen
  • Light Fixtures
  • Paint Exterior
  • Paint Interior
  • Yard
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

5022 Lanette St, Orlando, FL 32811, Orlando, FL, USA, 32811

Sold : $129,000

Image Gallery

 Summary

Overview
Cheap And Easy Orlando Flip or Rental Sold
$102,000
Property ID: 5b7c5b698305f
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32811
Country: USA


Rental Analysis

+ Purchase Price: $102,000
+ Purchase Closing Cost: $102,000
+ Rehab Cost: $3,000
Total Acquisition Cost: $207,000


Monthly Rent: $1,200
+ Annual Potential Rent: $14,400
- Vacancy (0%): $0
Annual Gross Income: $14,400
Annual Gross ROI: 6.96%


Flip Analysis

+ Purchase Price: $102,000
+ Purchase Closing Cost: $3,060
+ Rehab Cost: $15,000
Total Acquisition Cost: $120,060


+ Selling closing cost: $4,500
+ Agent Commision : $7,500
Total Holding Cost: $12,000


Total Flip Cost: $132,060
Projected ARV: $150,000
Net Income (Profit): $17,940
CAP Rate: 13.58%

 Message

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