CHEAP Apopka Flip

House

1073 ft²

3 Bedrooms

2 Baths
Flip

$147,000

Status : Sold

Year Built : 1959

Description

Property Description: Look at this Apopka Flip that is in dire need of a rehab. The house sits on a huge lot and our price places it as the 2nd Cheapest property within a 1-mile radius that has sold in the past year. Comps are selling at an average of 15 days on the market at a median of $184 per sqft. You will not find a cheaper property in this zip code. This is a clean and easy property to flip to get the most out of your investment. For sure, a no brainer, and needs to be locked in ASAP.

Property features include: Sturdy roof, partially updated kitchen, fully intact central A/C system, large lot with 2 detached storage sheds, additional extension tool shed that houses washer, dryer and water heater, 2 vehicle carport, endless possibilities!

Flip Rehab: 25k-30k

Kitchen and bath updates, new outlets, new flooring, water heater, fixtures, cosmetics, and minor landscaping.

Rehab Work Needed

Bathroom
Electricity
Floor
Heater
Kitchen
Light Fixtures
Paint Exterior
Paint Interior
Yard

Comparables (Comps.)

Comparable #1

1406 Balmy Beach Dr Forest City, FL 32703, N/A, FL, USA, 32703

Sold : $205,000

Source: Click to visit

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Summary

Overview

Sold

$147,000

Property ID: 5beb14ac87c77

Address: Login to View

City: Apopka

State/Province: FL

Zip Code: 32703

Country: USA

Flip Analysis

+ Purchase Price: $147,000

+ Purchase Closing Cost: $4,410

+ Rehab Cost: $30,000

Total Acquisition Cost: $181,410

+ Selling closing cost: $6,600

+ Agent Commision : $11,000

Total Holding Cost: $17,600

Total Flip Cost: $199,010

Projected ARV: $220,000

Net Income (Profit): $20,990

CAP Rate: 10.55%

CHEAP Apopka Flip

Summary

Flip Analysis

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