Dynamite West Orlando Flip OR Rental

  • House
    2194 ft2
    bedroom 7 Bedrooms
    bathroom 3 Baths
  • Flip/Rental
    $114,900
    Status : Sold
    Year Built : 1958
 Description
Property Description: Tick…Tick…BOOM!! This property is the 2nd cheapest Active ppsf and the 6th cheapest Sold ppsf in the entire ZIP CODE of 32808!!  The main house is a 5 bed 2 bath property and there is a separate block construction in-law suite behind the main house. Cosmetic touches turn the main house into your next great cash-flowing investment.  The in-law suite is currently one large space with potential to become a 2-bedroom apartment or in-law suite. There are literally about 5 different plays with this one!
TENANTS WILL BE OUT 7/1/18 DO NOT UNDER ANY CIRCUMSTANCES DISTURB TENANTS

Property features include: 4/2.5 in 1412 sf main structure PLUS a 782 sf rear structure (with AC). Carport. 2 driveways. Newer carpet. Newer AC. Newer Electrical Panel. Large lot.

Rent Rehab: 15k-20k
Main structure - Paint, some window repair, light cleanup
Rear structure – Paint, add bathroom, convert large space into 2 bedrooms, new AC unit


Flip Rehab: 40k-55k
Main Structure – Update Kitchen and Baths, Paint, Landscaping, some window repair
Rear Structure – Add bathroom, Paint, convert large space into 2 bedrooms, new AC unit.
 Rehab Work Needed
  • Air Conditioning
  • Bathroom
  • Bedroom
  • Kitchen
  • Light Fixtures
  • Paint Exterior
  • Paint Interior
 General Amenities
 Distance
Image Gallery

 Summary

Overview
Dynamite West Orlando Flip OR Rental Sold
$114,900
Property ID: 5b7c6751d95c9
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32808
Country: USA


Rental Analysis

+ Purchase Price: $114,900
+ Purchase Closing Cost: $3,447
+ Rehab Cost: $15,000
Total Acquisition Cost: $133,347


Monthly Rent: $1,300
+ Annual Potential Rent: $15,600
- Vacancy (0%): $0
Annual Gross Income: $15,600
Annual Gross ROI: 11.7%


Flip Analysis

+ Purchase Price: $114,900
+ Purchase Closing Cost: $3,447
+ Rehab Cost: $40,000
Total Acquisition Cost: $158,347


+ Selling closing cost: $6,750
+ Agent Commision : $11,250
Total Holding Cost: $18,000


Total Flip Cost: $176,347
Projected ARV: $225,000
Net Income (Profit): $48,653
CAP Rate: 27.59%

 Message

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