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 Volusia Flip or Buy and Hold Under 45K

  • House
    998 ft2
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $44,900
    Status : Sold
    Year Built : 1952
 Description
Property Overview:  Properties priced less than 45k do not come along often. This 2/1 is need of a complete overhaul in order for you to Flip it or to add it to your portfolio. Either way, you cannot lose with this beauty. On average homes in the area are renting for 1k/month or you can add a few more bells and whistles and flip the home for around 108 psft and make a lucrative return on your investment. Do not wait to call on this. Will be gone in a hurry...

Property Features include;  property sits in great location on a corner lot near hospital, shopping and restaurants. Call or email for more details.  This property is certain to sell quickly!

Flip Rehab: 35k-40k
Roof, Kitchen and bath updates, floors, new windows, drywall, fixtures, cosmetics, possible termite damage, HVAC installation and landscaping.Rental Rehab: 25k-30k
Roof, Kitchen and bath updates, HWH, floors, new windows, fixtures, cosmetics, window units installed, possible termite damage and landscaping.
 Rehab Work Needed
  • Air Conditioning
  • Bathroom
  • Floor
  • Heater
  • Kitchen
  • Light Fixtures
  • Living Room
  • Paint Exterior
  • Paint Interior
  • Roof
  • Yard
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

1325 Ginsberg Dr, Daytona Beach, FL 32114, Daytona, FL, USA, 32114

Sold : $125,000

Location Map
Image Gallery
1534963655_437446332_Pic1.JPG

 Summary

Overview
Volusia Flip or Buy and Hold Under 45K Sold
$44,900
Property ID: 5b7dafcc46e50
Address: Login to View
City: Daytona
State/Province: FL
Zip Code: 32114
Country: USA


Rental Analysis

+ Purchase Price: $44,900
+ Purchase Closing Cost: $1,572
+ Rehab Cost: $25,000
Total Acquisition Cost: $71,472


Monthly Rent: $1,000
+ Annual Potential Rent: $12,000
- Vacancy (0%): $0
Annual Gross Income: $12,000
Annual Gross ROI: 16.79%


Flip Analysis

+ Purchase Price: $44,900
+ Purchase Closing Cost: $1,572
+ Rehab Cost: $35,000
Total Acquisition Cost: $81,472


+ Selling closing cost: $3,675
+ Agent Commision : $5,250
Total Holding Cost: $8,925


Total Flip Cost: $90,397
Projected ARV: $105,000
Net Income (Profit): $14,604
CAP Rate: 16.15%

 Message

8 + 7 = ?