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 Wekiva Springs Flip *PRIME LOCATION*

  • House
    3335 ft2
    bedroom 5 Bedrooms
    bathroom 3 Baths
  • Flip
    $319,900
    Status : Sold
    Year Built : 1972
 Description
OCCUPIED. DO NOT GO TO PROPERTY FOR ANY REASON. CALL FOR GROUP SHOWING DATE AND TIME

Property Description: Do not miss this Opportunity! This is a rare gem for an investor. The property is located in the highly desirable area of Wekiva Springs. The home has a New Roof and 2 New A/C units but is in need of a facelift. It's being offered at an extremely low price of 96/sqft and it is the fourth CHEAPEST home sold this year in the entire 32779 zip code. Not to mention that remodeled homes are selling for 155/sqft+ you can do the math and see that this is a slam dunk deal!

Property features include: New Roof, New A/C system, .39/acre lot, deeded access to Lake Brantley, Call or email for more details.  This property is certain to sell quickly!

Flip Rehab: 70k-80k
Kitchen and bath updates, stainless steel appliance package, flooring, service pool, repair screen enclosures, fixtures, cosmetics, and landscaping.
 Rehab Work Needed
  • Appliances
  • Bathroom
  • Electricity
  • Floor
  • Kitchen
  • Light Fixtures
  • Open Floor Plan
  • Paint Exterior
  • Paint Interior
  • Pool
  • Roof
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

509 Springcreek Dr Longwood, FL 32779, Orlando, FL, USA, 32779

Sold : $452,000

Location Map
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1543519362_267652977_Front.JPG

 Summary

Overview
Wekiva Springs Flip *PRIME LOCATION* Sold
$319,900
Property ID: FL181125077
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32779
Country: USA


Flip Analysis

+ Purchase Price: $319,900
+ Purchase Closing Cost: $9,597
+ Rehab Cost: $80,000
Total Acquisition Cost: $409,497


+ Selling closing cost: $15,600
+ Agent Commision : $26,000
Total Holding Cost: $41,600


Total Flip Cost: $451,097
Projected ARV: $520,000
Net Income (Profit): $68,903
CAP Rate: 15.27%

 Message

2 X 8 = ?