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

  • House
    732 acre
    bedroom 1 Bedrooms
    bathroom 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
 General Amenities
 Distance

 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

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