Please Wait...
Your transaction is in process, please do not click on browser's back button or reload the page.

!!! Orlando Flip Or Rental Investment 21% ROI Cash Buyer

House

732 acre

1 Bedrooms

1 Baths
Flip/Rental

$50,000

Status : Sold

Year Built : 1954

Description

Property overview, take a look at the 3rd cheapest property available in Orange County. This is your opportunity to invest in a solid concrete block home priced lower than 70psf, with the average sold price of homes in Orlando, FL 32811 is at $102,678, which is an increase of 10% in the past year.

Property features include, good bones, major highways, minutes from downtown Orlando and minutes from Valencia College Metro West Campus

Rent rehab: 20K, basic complete remodel is recommended. = $10,800 Ann. Income.

Flip Rehab: 30K, complete remodel is recommended. = 21% ROI

Rehab Work Needed

Appliances
Bathroom
Bedroom
Floor
Kitchen
Light Fixtures
Living Room
Paint Exterior
Paint Interior
Roof

Image Gallery

1534958659_141395198_6.CompMap_.png

1534959914_254850516_Screen_Shot_2018-08-22_at_1.44_.36_PM_.png

1534958659_920633854_5.RentalAnalysis_.png

Summary

Overview

!!! Orlando Flip Or Rental Investment 21% ROI Cash Buyer

Sold

$50,000

Property ID: 5b7d9c7050667

Address: Login to View

City: Orlando

State/Province: FL

Zip Code: 32811

Country: USA

Rental Analysis

+ Purchase Price: $50,000

+ Purchase Closing Cost: $0

+ Rehab Cost: $20,000

Total Acquisition Cost: $70,000

Monthly Rent: $900

+ Annual Potential Rent: $10,800

- Vacancy (10%): $1,080

Annual Gross Income: $9,720

Annual Gross ROI: 13.89%

Flip Analysis

+ Purchase Price: $50,000

+ Rehab Cost: $30,000

Total Acquisition Cost: $80,000

+ Selling closing cost: $2,300

+ Agent Commision : $6,325

+ Insurance (6 Months) : $400

+ Utilities (6 Months): $1,000

+ Miscellaneous Expenses: $200

Total Holding Cost: $10,225

Total Flip Cost: $90,225

Projected ARV: $115,000

Net Income (Profit): $24,775

CAP Rate: 27.46%

Message