Lucrative Block Winter Park Flip

  • House
    2141 ft2
    bedroom 4 Bedrooms
    bathroom 3 Baths
  • Flip
    $249,900
    Status : Sold
    Year Built : 1961
 Description
Property Description: Primarily cosmetic touches are needed to make this Winter Park Estates property a success.  This is the 2nd cheapest Actively Listed property in this neighborhood and the other property is not upgraded AND is smaller by 700 sqft but priced at only $2500 less than the subject property!  Also at $116 psf this SFH is the 2nd cheapest Active ppsf in a 1-mile radius. Call me TODAY.

Property features include: 4 bedrooms. In-Law Suite. Block construction. Terrazzo Flooring. Washer & Dryer convey. Roof 2015. AC 2012. Updated Electrical Panel. Large Back Yard.

Flip Rehab35k-40k
Kitchen and Bath Updates, Some Flooring, Paint, Landscaping
 Rehab Work Needed
  • Bathroom
  • Floor
  • Kitchen
  • Paint Exterior
  • Paint Interior
  • Yard
 General Amenities
 Distance
Image Gallery

 Summary

Overview
Lucrative Block Winter Park Flip Sold
$249,900
Property ID: 5b7c6593389c7
Address: Login to View
City: Winter Park
State/Province: FL
Zip Code: 32792
Country: USA


Flip Analysis

+ Purchase Price: $249,900
+ Purchase Closing Cost: $7,497
+ Rehab Cost: $35,000
Total Acquisition Cost: $292,397


+ Selling closing cost: $10,800
+ Agent Commision : $18,000
Total Holding Cost: $28,800


Total Flip Cost: $321,197
Projected ARV: $360,000
Net Income (Profit): $38,803
CAP Rate: 12.08%

 Message

4 + 9 = ?