Off Market Deltona Flip or Buy and Hold

  • House
    1353 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $120,000
    Status : Sold
    Year Built : 1967
 Description
Property Overview:    Do not wait to make a move on this Off Market Beauty! This could not be a more perfect investment. This is the 3rd cheapest property within a half mile radius for all active, pending and Sold properties in the last 365 days. The home is in need of a roof and a minor cosmetic makeover. You can either choose to hold onto this property as a rental and make a nice return as you continue to build equity or flip it for a quick return so you can move on to the next project. Do not miss out on this opportunity! Call Today....

Property Features include;  large corner lot, a partially updated kitchen, nicely maintained bathroom cabinets, a fully intact central AC system.   Call or email for more details.  This property is certain to sell quickly!

Flip Rehab: 20k-25k
Roof, Minor Kitchen updates, Baths updates, drywall, floors, fixtures, cosmetics, and landscaping.Rental Rehab: 15k-20k
Roof, floors, fixtures, cosmetics, and landscaping.
 Rehab Work Needed
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

1541 Providence Blvd Deltona, FL 32725, Orlando, FL, USA, 32725

Sold : $180,000

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 Summary

Overview
Off Market Deltona Flip or Buy and Hold Sold
$120,000
Property ID: 5bc9155771a09
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32725
Country: USA


Rental Analysis

+ Purchase Price: $120,000
+ Purchase Closing Cost: $3,600
+ Rehab Cost: $20,000
Total Acquisition Cost: $143,600


Monthly Rent: $1,300
+ Annual Potential Rent: $15,600
- Vacancy (0%): $0
Annual Gross Income: $15,600
Annual Gross ROI: 10.86%


Flip Analysis

+ Purchase Price: $120,000
+ Purchase Closing Cost: $3,600
+ Rehab Cost: $25,000
Total Acquisition Cost: $148,600


+ Selling closing cost: $5,400
+ Agent Commision : $9,000
Total Holding Cost: $14,400


Total Flip Cost: $163,000
Projected ARV: $180,000
Net Income (Profit): $17,000
CAP Rate: 10.43%

 Message

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