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Light Rehab FLIP in Deltona, FL

House

1 acre

3 Bedrooms

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Kitchen is outdated, appliances are included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

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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%

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