Eye catching Rental Or flip investment

  • House
    1974 acre
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $111,900
    Status : Sold
    Year Built : 1961
 Description
Property Overview: Here's the chance to own the cheapest PpSf home, and cheapest 3 bedrooms 2 bath Single family Home in all of the 32805 zip code, which is Orlando's next targeted "renovation area". The property will need some light to medium repairs, with nice finishing touches. With similar renovated homes in the area selling for up to $164 a square foot in less than 60 days, there is plenty of room for profit. For the savvy investor, this property will produce a 17% return on investment. Call your Stonebridge agent now to schedule a showing before it sells. Property Features: Concrete block construction, great floor plan with open space, burning fireplace. After the recent opening of the UCF/Valencia campus, and the Soccer stadium, homes in this area are climbing at a rapid pace. This property is located walking distance to Camping World Stadium, in proximity to Downtown Orlando, and Major Access Highways.
 Rehab Work Needed
  • Appliances
  • Bathroom
  • Kitchen
  • Paint Exterior
  • Paint Interior
 General Amenities
 Distance

 Summary

Overview
Eye catching Rental Or flip investment Sold
$111,900
Property ID: 5b8f1d7e4ef51
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32805
Country: USA


Rental Analysis

+ Purchase Price: $111,900
+ Purchase Closing Cost: $3,357
+ Rehab Cost: $20,000
Total Acquisition Cost: $135,257


Monthly Rent: $1,400
+ Annual Potential Rent: $16,800
- Vacancy (0%): $0
Annual Gross Income: $16,800
Annual Gross ROI: 12.42%


Flip Analysis

+ Purchase Price: $111,900
+ Purchase Closing Cost: $3,357
+ Rehab Cost: $40,000
Total Acquisition Cost: $155,257


+ Selling closing cost: $6,300
Total Holding Cost: $6,300


Total Flip Cost: $161,557
Projected ARV: $210,000
Net Income (Profit): $48,443
CAP Rate: 29.99%

 Message

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