SFH UNDER 80K WITH OVER 40K IN EQUITY & A QUARTER ACRE LOT

  • House
    1127 ft2
    bedroom 2 Bedrooms
    bathroom 2 Baths
  • Flip
    $79,900
    Status : Sold
    Year Built : 1946
 Description
  • Property Overview: The subject property is located in the city of Winter Haven. We feel that it would make an excellent rental because it is the 8th CHEAPEST, SFH in the zip code, out of 155 available properties. This property has the potential to earn an investor a 15% ROI. It can be purchased for 79,900, needs no rehab as a rental, so you would be all into the project for roughly 84,000. The Flip comps of renovated homes in the area, lead us to believe this property has an ARV of 125,000. With this deal having over 41k in Equity, this makes an excellent addition to any portfolio or first time Investment. This property is certain to sell quickly.
  • Newer Roof.
  • New AC & Air Handler
  • New Kitchen counters, cabinets, and appliances.
  • Fully renovated Baths.
  • Brand new Tile, and laminate.
  • Newer Windows.
  • 15,000 Sqft Lot.
  • R-1 Zoning
     
Rent Rehab: None.
 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
SFH UNDER 80K WITH OVER 40K IN EQUITY & A QUARTER ACRE LOT Sold
$79,900
Property ID: AL190184168
Address: Login to View
City: Winter Haven
State/Province: FL
Zip Code: 33881
Country: USA


Flip Analysis

+ Purchase Price: $79,900
Total Acquisition Cost: $79,900


Total Flip Cost: $79,900
Projected ARV: $125,000
Net Income (Profit): $45,100
CAP Rate: 56.45%

 Message

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