Off-Market Orlando Flip Special Under 110K

  • House
    1303 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $109,900
    Status : Sold
    Year Built : 1962
 Description

Property Description: This 3/2 Orlando block flip deal is not to be missed! At just $82.80 ppsft, it is the cheapest home in the 1mile radius, and all its missing is some basic cosmetics such as the kitchen and floors to make this home your best flips yet. Just a few street downs from this property, a much smaller home sold for over asking price at $153 ppsft! This home being at 1,303 sqft, 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, tile floors

Flip Rehab: 20K-25K
a/c unit, Interior/ exterior paint, Kitchen, Floors, landscaping, and Bathrooms. 

Rental Rehab: 3K-5K
a/c unit repair, paint, landscaping.

 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Paint Exterior
  • Paint Interior
  • Yard
 General Amenities
 Distance
Comparables (Comps.)

Comparable #1

1504 Pine Lake Rd Orlando, FL 32808, Orlando, FL, USA, 32808

Sold : $145,000

Image Gallery

 Summary

Overview
 Off-Market Orlando Flip Special Under 110K Sold
$109,900
Property ID: FL181185084
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32808
Country: USA


Rental Analysis

+ Purchase Price: $109,900
+ Purchase Closing Cost: $3,297
+ Rehab Cost: $5,000
Total Acquisition Cost: $118,197


Monthly Rent: $1,400
+ Annual Potential Rent: $16,800
- Vacancy (0%): $0
Annual Gross Income: $16,800
Annual Gross ROI: 14.21%


Flip Analysis

+ Purchase Price: $109,900
+ Purchase Closing Cost: $3,297
+ Rehab Cost: $25,000
Total Acquisition Cost: $138,197


+ Selling closing cost: $5,100
+ Agent Commision : $8,500
Total Holding Cost: $13,600


Total Flip Cost: $151,797
Projected ARV: $170,000
Net Income (Profit): $18,203
CAP Rate: 11.99%

 Message

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