Off Market Condo In Heart of Altamonte Springs

  • Condo
    625 ft2
    bedroom 1 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $50,000
    Status : Sold
    Year Built : 1973
 Description
-Asking $50k + cc cash buyers only; must close asap
-Market rents $900
-No major or structural repairs needed. Just fresh paint and carpet.
-1bd/1ba 625 sqft - ground floor unit
-Located in the beautiful Destiny Springs community near SR 436, I-4, 5 minutes from Altamonte Mall and within half a mile of Everglades University and Strayer University

 Rehab Work Needed
  • Floor
  • Paint Interior
 General Amenities
 Distance

 Summary

Overview
Off Market Condo In Heart of Altamonte Springs Sold
$50,000
Property ID: FL190229069
Address: Login to View
City: Altamonte Springs
State/Province: FL
Zip Code: 32714
Country: USA


Rental Analysis

+ Purchase Price: $50,000
+ Purchase Closing Cost: $1,500
+ Rehab Cost: $1,500
Total Acquisition Cost: $53,000


Monthly Rent: $900
+ Annual Potential Rent: $10,800
- Vacancy (3%): $324
Annual Gross Income: $10,476
Annual Gross ROI: 19.77%


Flip Analysis

+ Purchase Price: $50,000
+ Purchase Closing Cost: $1,500
+ Rehab Cost: $1,500
Total Acquisition Cost: $53,000


+ Selling closing cost: $1,950
+ Agent Commision : $1,950
Total Holding Cost: $3,900


Total Flip Cost: $56,900
Projected ARV: $65,000
Net Income (Profit): $8,100
CAP Rate: 14.24%

 Message

2 X 7 = ?