Light Rehab FLIP in Deltona, FL

  • House
    1 acre
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $147,000
    Status : Sold
    Year Built : 1979
 Description
The subject property is located in Deltona. We feel that it would make an excellent, easy flip because it is the cheapest 3/2 property in the entire city of Deltona (by ppsf) and has the potential to earn an investor a 14% ROI. It can be purchased for 144.9k, needs an estimated total of 15k-20k in repairs as a flip, so you would be all into the project for roughly 170,696. The flip comps of renovated homes in the area, lead us to believe this property has a ARV of 215k. This means an investor can walk away with an estimated net profit of 26k. Call or email your Stonebridge agent for more details. This property is certain to sell quickly.
  • Roof has no leaks or soft spots
  • AC is fully intact and in working condition
  • Kitchen is outdated, appliances are included
  • Baths need updating
  • Tiles and carpet throughout
  • Ceiling fans in every bedroom
  • Lot Size: 0.25
  • Fully fenced back yard
     
Flip Rehab: Light
15k-20k

Avg Rent or Current Rent = 1,300/mo
Gross Rent ROI = 10.35% 
 Rehab Work Needed
  • Bathroom
  • Kitchen
  • Roof
 General Amenities
 Distance

 Summary

Overview
Light Rehab FLIP in Deltona, FL Sold
$147,000
Property ID: FL190117139
Address: Login to View
City: Deltona
State/Province: FL
Zip Code: 32725
Country: USA


Flip Analysis

+ Purchase Price: $147,000
+ Purchase Closing Cost: $4,410
+ Rehab Cost: $15,000
Total Acquisition Cost: $166,410


+ Selling closing cost: $6,450
+ Agent Commision : $6,450
Total Holding Cost: $12,900


Total Flip Cost: $179,310
Projected ARV: $215,000
Net Income (Profit): $35,690
CAP Rate: 19.9%

 Message

2 + 10 = ?