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 CHEAP Apopka Flip

  • House
    1073 ft2
    bedroom 3 Bedrooms
    bathroom 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
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

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

Sold : $205,000

Location Map
Image Gallery
1542132903_616301366_Front.jpg

 Summary

Overview
CHEAP Apopka Flip 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%

 Message

2 + 2 = ?