West Orange Off Market Flip

  • House
    1715 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $119,900
    Status : Sold
    Year Built : 1964
 Description
Property Overview:  With the Market as tight as it is, this beauty is sure to go quickly. With needing just a cosmetic update throughout and a possible shingle re-roof makes this a easy turn around. With properties in the area going under contract in as little as 2 days and only one active listing within a 1/4 mile means no competition and a quick sale when you get your investment back on the market. Homes sold for 189k in the area with as little as 1464 sq ft. This property has 1715 sq ft and is sure to go quick. Call Today... Do not miss out!
Property Features include;  a sturdy block home in need of a cosmetic update. Laminate floors can stay.  Call or email for more details.  This property is certain to sell quickly!*****Tenant in place and must stay until end of his lease in February. Pays $950/month and is possibly looking to move out at the end of the year. Can provide a copy of the current lease in place *****

Flip Rehab: 25k- 30k
Roof, Kitchen and bath updates, a/c system, some floors, paint, fixtures, cosmetics, and landscaping.Rent Rehab: 0kNothing is needed or requested at this time by the tenant in place.
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Floor
  • Kitchen
  • Light Fixtures
  • Paint Exterior
  • Paint Interior
  • Roof
  • Yard
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

2082 Ashland Blvd, Orlando, FL 32808, Orlando, FL, USA, 32808

Sold : $160,000

Image Gallery

 Summary

Overview
West Orange Off Market Flip Sold
$119,900
Property ID: 5b7c7c1cc2b0a
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32808
Country: USA


Flip Analysis

+ Purchase Price: $119,900
+ Purchase Closing Cost: $4,197
+ Rehab Cost: $25,000
Total Acquisition Cost: $149,097


+ Selling closing cost: $6,650
+ Agent Commision : $9,500
Total Holding Cost: $16,150


Total Flip Cost: $165,247
Projected ARV: $190,000
Net Income (Profit): $24,754
CAP Rate: 14.98%

 Message

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