Cheap Mount Dora Flip for Under 50K

  • House
    456 ft2
    bedroom 1 Bedrooms
    bathroom 1 Baths
  • Flip
    $49,900
    Status : Sold
    Year Built : 1942
 Description

Property Description: Capital has done it once again. This sturdy block home located on a large lot in the desirable Mount Dora is a must Buy. This hard to find gem needs a full overhaul including Utility hookup with the city and a partition wall separating the master suite from the Living area and kitchen. Surrounding comparable homes in the area are selling for as much as 326 psft.  Check it out for yourself! 

Property features include: a sturdy block home on a large lot in a Great Location. This property is certain to sell quickly!

Flip Rehab: 35k-40k
Roof, Kitchen and bath updates, floors, new windows, fixtures, cosmetics, petition wall, electrical, Utility hookups and landscaping.


 Rehab Work Needed
  • Appliances
  • Bathroom
  • Electricity
  • Floor
  • Heater
  • Kitchen
  • Light Fixtures
  • Open Floor Plan
  • Paint Exterior
  • Paint Interior
  • Pool
  • Roof
  • Yard
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

1516 N Alexander St Mount Dora, FL 32757, Orlando, FL, USA, 32757

Sold : $135,000

Image Gallery

 Summary

Overview
Cheap Mount Dora Flip for Under 50K Sold
$49,900
Property ID: FL18117683
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32757
Country: USA


Flip Analysis

+ Purchase Price: $49,900
+ Purchase Closing Cost: $1,996
+ Rehab Cost: $40,000
Total Acquisition Cost: $91,896


+ Selling closing cost: $5,400
+ Agent Commision : $6,750
Total Holding Cost: $12,150


Total Flip Cost: $104,046
Projected ARV: $135,000
Net Income (Profit): $30,954
CAP Rate: 29.75%

 Message

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