OFF-MARKET Dr. Phillips Easy Or Cosmetic Flip

  • House
    1066 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $167,900
    Status : Sold
    Year Built : 1971
 Description
Opportunities like this one rarely pop up in the massively desirable Dr. Phillips district. The property is in need of only an easy cosmetic update inside since the roof and A/C were replaced in the past 10 years. This property is being offered at a price that makes it $32K cheaper than the next available property on the market. Meanwhile, remodeled homes are selling on average in less than 21 days! This is a HOT area of Orlando and the perfect time to buy your next project so it'll be ready for the busy summer season. 
 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
OFF-MARKET Dr. Phillips Easy Or Cosmetic Flip Sold
$167,900
Property ID: FL190472851
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32819
Country: USA


Flip Analysis

+ Purchase Price: $167,900
+ Purchase Closing Cost: $5,037
+ Rehab Cost: $25,000
Total Acquisition Cost: $197,937


+ Selling closing cost: $75,000
+ Agent Commision : $75,000
Total Holding Cost: $150,000


Total Flip Cost: $347,937
Projected ARV: $2,500,000
Net Income (Profit): $2,152,063
CAP Rate: 618.52%

 Message

2 X 9 = ?