Wekiva Springs Flip PRIME LOCATION

House

3335 ft²

5 Bedrooms

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

Comparables (Comps.)

Comparable #1

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

Sold : $452,000

Source: Click to visit

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Summary

Overview

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%

Wekiva Springs Flip PRIME LOCATION

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Flip Analysis

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Wekiva Springs Flip *PRIME LOCATION*

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Flip Analysis

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Wekiva Springs Flip PRIME LOCATION