HUGE East Orlando Fire Damaged Flip 32825

  • House
    2 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $129,900
    Status : Sold
    Year Built : 1989
 Description
There is no sugar coating this one, full rehab but also mega opportunity here.  The Block home has been taken down to 4 walls due to the fire that ripped through the home.  Basically, you will be rebuilding the inside and putting a new roof with trusses and all.  The pool was not effected by the fire so that’s good. The bright side is this house is a block 3/2 with over 2,000 sf.  The BIGGER picture here is you will essentially be building a new 2019 built home and will be able to petition the city to make the change on county. This will increase your ARV upwards of $330,000+. Rehab may vary between 100k and 115k
 Rehab Work Needed
  • Air Conditioning
  • Appliances
  • Bathroom
  • Bedroom
  • Electricity
  • Floor
  • Kitchen
  • Light Fixtures
  • Living Room
  • Master Bedroom
  • Open Floor Plan
  • Paint Exterior
  • Paint Interior
  • Roof
  • Yard
 General Amenities
  • In Ground Pool
 Distance
Comparables (Comps.)

Comparable #1

10000 SEVINGTON ST, Orlando, FL, USA, 32825

Sold : $320,000

Comparable #2

1073 CASTLEVECCHIO LOOP, Orlando, FL, USA, 32825

Listed : $334,900

 Summary

Overview
HUGE East Orlando Fire Damaged Flip 32825 Sold
$129,900
Property ID: FL181189631
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32825
Country: USA


Flip Analysis

+ Purchase Price: $129,900
+ Purchase Closing Cost: $3,897
+ Rehab Cost: $105,000
Total Acquisition Cost: $238,797


+ Selling closing cost: $10,170
+ Agent Commision : $10,170
+ Insurance (6 Months) : $650
+ Utilities (6 Months): $800
+ Miscellaneous Expenses: $5,000
Total Holding Cost: $26,790


Total Flip Cost: $265,587
Projected ARV: $339,000
Net Income (Profit): $73,413
CAP Rate: 27.64%

 Message

9 - 1 = ?