32818 Orlando Flip Under 110K

  • House
    1244 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $109,900
    Status : Sold
    Year Built : 1970
 Description

Property Overview:  This 3/1 Orlando block flip is the deal that you’ve been waiting for all year long! At just $88.34 ppsft, it is the cheapest home in a 1mile radius, and it’s in one of Orlando’s hottest zip codes! With some minor cosmetics, not including the roof, this property will start your new year with a huge and quick return on your investment! Just a few streets down, a much similar property sold for over asking price at $162 ppsft! Because this home is in such a hot area, it is sure to be your best flip this year and a no-brainer if you’re looking to start the new year with a home run! Do not wait to make a call... Call Now for a private showing!

 Property Features include: Block Home, Huge backyard, open floor plan

Flip Rehab: 30-40k: Roof, a/c unit, Interior/ Exterior Paint & Repair, Kitchen, Floors, landscaping, Bathrooms, remove wood paneling

Rental Rehab: 10-15k: Roof, a/c unit repair, paint, landscaping
 Rehab Work Needed
  • Air Conditioning
  • Bathroom
  • Kitchen
  • Light Fixtures
  • Open Floor Plan
  • Paint Exterior
  • Paint Interior
  • Roof
  • Yard
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

3539 Lake Tiny Cir Orlando, FL 32818, Orlando, FL, USA, 32818

Sold : $178,700

Image Gallery

 Summary

Overview
32818 Orlando Flip Under 110K Sold
$109,900
Property ID: FL18114196
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32818
Country: USA


Rental Analysis

+ Purchase Price: $109,900
+ Purchase Closing Cost: $3,297
+ Rehab Cost: $15,000
Total Acquisition Cost: $128,197


Monthly Rent: $1,200
+ Annual Potential Rent: $14,400
- Vacancy (0%): $0
Annual Gross Income: $14,400
Annual Gross ROI: 11.23%


Flip Analysis

+ Purchase Price: $109,900
+ Purchase Closing Cost: $3,297
+ Rehab Cost: $40,000
Total Acquisition Cost: $153,197


+ Selling closing cost: $5,850
+ Agent Commision : $9,750
Total Holding Cost: $15,600


Total Flip Cost: $168,797
Projected ARV: $195,000
Net Income (Profit): $26,203
CAP Rate: 15.52%

 Message

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