HOT! Debary Pool Flip - 62 Park Lane

  • House
    1450 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $134,900
    Status : Available
    Year Built : 1957
 Description
Hot Debary Pool Flip 62 Park Ln, Debary, FL 32713 Price: $134,900 ARV: $220,000 Bedroom: 3 Bath: 2 Garage: 1 Car Pool: Yes Ext Const: Block Built: 1957 Sqft: 1450 Ppsf: 93.03 Tax/Yr: 2829 Septic/Sewer: Septic County: Volusia HOA: None Rent = 1500 Gross ROI = 13.34 Property Description:  This is a flip opportunity you will want to jump on quickly.  This property represents the cheapest single-family home available anywhere in Debary, and the cheapest pool home in Debary by over $35k out of 113 available properties.  In the last 6 months, 274 houses have closed in Debary.  Of those, only 6 have closed traditionally for a lower sales price, and only 7 for a lower price per square foot.  This property has many options.  It could be a high yielding rental with minimal work.  It could also be a very profitable flip in an area where flips are both hard to come by and sell at a premium.  Don’t wait too long on this one, as it will be gone before you know it. Property Features Include:  Block construction, central AC, large ¼ acre lot, screened in pool with covered back porch area, covered front walkway, 1 car garage, large storage shed, kitchen with lots of storage, tile and carpet throughout, interior laundry hook ups Rent Rehab: 10k Deep cleaning, interior paint, replace some carpet, minor bathroom repair, misc. cosmetic repair Flip Rehab: 40k Replace roof, interior exterior paint, update kitchen, update bathrooms, flooring, electrical panel, new pool pump, landscaping clean up
 Rehab Work Needed
  • Bathroom
  • Electricity
  • Floor
  • Kitchen
  • Paint Interior
  • Roof
  • Yard
 General Amenities
  • In Ground Pool
 Distance

 Summary

Overview
HOT! Debary Pool Flip - 62 Park Lane Flip
$134,900
Property ID: FL190911500
Address: Login to View
City: Debary
State/Province: FL
Zip Code: 32713
Country: USA


Flip Analysis

+ Purchase Price: $134,900
+ Purchase Closing Cost: $4,047
+ Rehab Cost: $40,000
Total Acquisition Cost: $178,947


+ Selling closing cost: $6,600
+ Agent Commision : $6,600
Total Holding Cost: $13,200


Total Flip Cost: $192,147
Projected ARV: $220,000
Net Income (Profit): $27,853
CAP Rate: 14.5%

 Message

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