Large Equity Buy N Hold - Winter Haven FL $69K

  • House
    1334 ft2
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $69,900
    Status : Sold
    Year Built : 1953
 Description
Property overview 
Out of 394 properties currently available in the city of Winter Haven, this is the 3rd cheapest by purchase price, and 4th cheapest by Lp Sqft, as a buy & hold, simply perform a light rehab and place a tenant at market rent, to get this gem cash flowing at a gross 14% ROI; however, there is enough equity for you to fully rehab this home fro a profit, since fully renovated homes in the area are selling up to $111sqft.

Property features include, quarter acre lot, 5 year old roof, carpet & tile throughout the home, well maintained bathroom, In tact A/C & Air Handler, two sheds, 1 car carport, washer & dryer. The property is only one block away from the highly sought out Lake Cannon, Winter Haven airport, and all major toll roads.

Rent rehab 10K, interior paint, new carpet or laminate throughout, landscaping, A/C repair, misc cosmetics is recommended.

Flip rehab 20K, flooing, paint, minor kitchen and bath updates, A/C repair, landscape package, fixtures throughout, misc cosmetics is recommended.


Please contact JULIAN anytime, any day @
 407-537-0834
julian.homebuyers@gmail.com
PLEASE LEAVE A TEXT OR VOICEMAIL IF NO ANSWER
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Bedroom
  • Floor
  • Kitchen
  • Living Room
  • Paint Interior
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

1212 7th st, Winter Haven, FL, USA, 33881

Sold : $85,600

Comparable #2

720 27th street, Winter Haven, FL, USA, 33881

Sold : $123,100

Comparable #3

507 Thomas Ave, Winter Haven, FL, USA, 33880

Sold : $128,500

 Summary

Overview
Large Equity Buy N Hold - Winter Haven FL $69K Sold
$69,900
Property ID: 5b8483ca8e54d
Address: Login to View
City: Winter Haven
State/Province: FL
Zip Code: 33881
Country: USA


Rental Analysis

+ Purchase Price: $69,900
+ Purchase Closing Cost: $0
+ Rehab Cost: $10,000
Total Acquisition Cost: $79,900


Monthly Rent: $1,000
+ Annual Potential Rent: $12,000
- Vacancy (8%): $960
Annual Gross Income: $11,040
Annual Gross ROI: 13.82%


Flip Analysis

+ Purchase Price: $69,900
+ Rehab Cost: $20,000
Total Acquisition Cost: $89,900


+ Selling closing cost: $10,000
+ Agent Commision : $7,500
+ Insurance (6 Months) : $500
+ Utilities (6 Months): $1,250
+ Miscellaneous Expenses: $1,600
Total Holding Cost: $20,850


Total Flip Cost: $110,750
Projected ARV: $125,000
Net Income (Profit): $14,250
CAP Rate: 12.87%

 Message

2 + 10 = ?