Off-Market Apopka Flip Special Under 150K

House

1404 ft²

3 Bedrooms

2 Baths
Flip

$149,900

Status : Sold

Year Built : 1965

Description

Property Description: Have you been looking for your next block flip in Apopka? Because this deal is not to be missed! At just $106.76 ppsft, it is the cheapest home in the 1mile radius, and all its missing is some basic cosmetic touchups, and this is guaranteed to be your best flip yet! Just a few street downs from this property, a similar home just sold for $171 ppsft! This home being at 1,404sqft, is sure to be your best flip this year and a no brainer if you’re looking to start the new year with a homerun! Do not wait to make a call.... Call Now for a private showing!

Property features include: Block Home, Electrical Ceiling Fans, Huge Backyard,

Flip Rehab: 30K- 40K
A/C Unit, Interior/ Exterior Repairs & Paint, Kitchen, Bathrooms, Flooring, Landscaping, Electric Panel, Drywall Removal

Rental Rehab: 7K-10K
A/C Unit Repair, Kitchen Cabinets & Countertop, Electric Panel, Interior Paint, Tub, Landscaping

Rehab Work Needed

Air Conditioning
Appliances
Electricity
Floor
Kitchen
Light Fixtures
Living Room
Paint Exterior
Paint Interior

Comparables (Comps.)

Comparable #1

1522 Melody Ln Apopka, FL 32703, Apopka, FL, USA, 32703

Sold : $220,000

Source: Click to visit

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Summary

Overview

Sold

$149,900

Property ID: FL181173549

Address: Login to View

City: Apopka

State/Province: FL

Zip Code: 32703

Country: USA

Flip Analysis

+ Purchase Price: $149,900

+ Purchase Closing Cost: $4,497

+ Rehab Cost: $40,000

Total Acquisition Cost: $194,397

+ Selling closing cost: $7,200

+ Agent Commision : $12,000

Total Holding Cost: $19,200

Total Flip Cost: $213,597

Projected ARV: $240,000

Net Income (Profit): $26,403

CAP Rate: 12.36%

Off-Market Apopka Flip Special Under 150K

Summary

Flip Analysis

Property Wholesaler

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