A+ School Seminole Flip!

  • House
    1532 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $185,000
    Status : Sold
    Year Built : 1971
 Description
Off-Market!  Solid 3/2 Altamonte block Home located in the great A+ Seminole School system. This home is located in a great location next to a park. This house is in great condition but very outdated. The roof is not leaking but it is older and might need to be replaced for a flip.  A/C looks good and is just a couple of years old. Electrical and plumbing look good as well. The backyard is spacious and there is a big two car garage which you could use as storage or park your fancy car if you wish. This property was built with the cart port area already converted into living space making it bigger than most of the houses in the neighborhood. Smaller sold in the area average $170 per square feet; the only two homes of similar size with less curb appeal sold in the $220k's. I believe should be able to get $230k+ with a  decent rehab for this flip
 Rehab Work Needed
  • Roof
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

625 Sherwood Dr, N/A, FL, USA, 32701

Sold : $259,000

 Summary

Overview
A+ School Seminole Flip! Sold
$185,000
Property ID: 5b8ffd4a22e87
Address: Login to View
City: N/A
State/Province: FL
Zip Code: 32701
Country: USA


Flip Analysis

+ Purchase Price: $185,000
+ Purchase Closing Cost: $3,700
+ Rehab Cost: $20,000
Total Acquisition Cost: $208,700


+ Selling closing cost: $4,800
Total Holding Cost: $4,800


Total Flip Cost: $213,500
Projected ARV: $240,000
Net Income (Profit): $26,500
CAP Rate: 12.41%

 Message

4 X 3 = ?