OFF MARKET Dr Phillips Flip w/ Huge Equity

House

1408 ft²

3 Bedrooms

2 Baths
Flip

$169,900

Status : Sold

Year Built : 1972

Description

Occupied. No Interior Access. Do Not Go Onsite For Any Reason

Property Description: It's not even December yet and Santa has come to town! Not everyday you see a Flip Opportunity come out of the Dr Phillips area. This gem of a find is offered at 121 psft with a recent very comparable sale in the area going for 198 psft and was under contract in 6 days!!. The math on this is a No brainer. Currently there is no access until after closing as the tenants are not allowing entry. We have accounted in the rehab estimate for a complete makeover and the return on this is HUGE! Do not wait to make a move. Call today!!

Property features include: Location! Call or email for more details. This property is certain to sell quickly!

Flip Rehab: 35k-40k

Possible Roof, Kitchen and bath updates, floors, windows, fixtures, cosmetics, and landscaping.

Rehab Work Needed

Bathroom
Floor
Kitchen
Light Fixtures
Living Room
Paint Exterior
Paint Interior
Roof
Yard

Comparables (Comps.)

Comparable #1

7035 Talbot Dr Orlando, FL 32819, Orlando, FL, USA, 32819

Sold : $272,000

Source: Click to visit

Image Gallery

Summary

Overview

Sold

$169,900

Property ID: FL181169135

Address: Login to View

City: Orlando

State/Province: FL

Zip Code: 32819

Country: USA

Flip Analysis

+ Purchase Price: $169,900

+ Purchase Closing Cost: $5,097

+ Rehab Cost: $40,000

Total Acquisition Cost: $214,997

+ Selling closing cost: $8,100

+ Agent Commision : $13,500

Total Holding Cost: $21,600

Total Flip Cost: $236,597

Projected ARV: $270,000

Net Income (Profit): $33,403

CAP Rate: 14.12%

OFF MARKET Dr Phillips Flip w/ Huge Equity

Summary

Flip Analysis

Property Wholesaler

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