Winter Park Cosmetic Flip

House

1356 ft²

2 Bedrooms

1 Baths
Flip

$270,900

Status : Sold

Year Built : 1953

Description

Property Description: Location...Location... LOCATION! Your next investment is located in a Prime sought after area just blocks from Baldwin Park and The CHEAPEST PROPERTY with a Winter Park address within a half mile radius. This 2/1 is in need of a cosmetic update throughout to bring you a Nice Return on your investment. Just 1 street over Brand new homes are going up along with the Market Value of the existing homes within the area. Properties are going under contract within 9 days in the area... Do not miss out on this one! Is Sure to Go Fast!

Property features include: New roof in 2006, A/C system rebuilt 1 year ago and in great condition, extra thick 12" exterior walls and in a Prime location near Baldwin Park in Winter Park. Call or email for more details. This property is certain to sell quickly!

Flip Rehab: 30k-35k

Kitchen and bath updates, floors, paint, appliances, fixtures, cosmetics, and landscaping.

Rehab Work Needed

Bathroom
Bedroom
Fence
Floor
Kitchen
Light Fixtures
Paint Exterior
Paint Interior
Yard

Comparables (Comps.)

Comparable #1

2601 Winter Park Rd Winter Park, FL 32789, Winter Park, FL, USA, 32789

Sold : $328,000

Source: Click to visit

Image Gallery

Summary

Overview

Sold

$270,900

Property ID: FL181148695

Address: Login to View

City: Winter Park

State/Province: FL

Zip Code: 32789

Country: USA

Flip Analysis

+ Purchase Price: $270,900

+ Purchase Closing Cost: $8,127

+ Rehab Cost: $35,000

Total Acquisition Cost: $314,027

+ Selling closing cost: $11,100

Total Holding Cost: $11,100

Total Flip Cost: $325,127

Projected ARV: $370,000

Net Income (Profit): $44,873

CAP Rate: 13.8%

Winter Park Cosmetic Flip

Summary

Flip Analysis

Property Wholesaler

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