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 Cheap Rent Ready 3 Or 2 in Mount Dora

  • House
    1400 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $119,900
    Status : Available
    Year Built : 1956
 Description
Cheap Rent Ready 3/2 with Equity

4254 Melanie Ln
Mount Dora, FL 32757

Price: $119,900
ARV: $160,000

Bedroom: 3
Bath: 2
Garage: None
Ext Const: Frame & Siding
Built: 1956
Sqft: 1400
Ppsf: $86
Tax/Yr: $1429
Septic/Sewer: Sewer
HOA: None
County: Lake
Rent:  $1,100 - $1,200/month
Gross ROI:  11 - 12%


Property Description:  Calling all Landlords!  It doesn't matter if you have 50 units under management or if you are looking for your first rental property, this one desires a look.  It's not often you have the chance to walk right into a rent ready property at this price with these returns.  The price alone for a rent ready property should spark your interest.  For perspective, 98% of the 644 single family homes that sold last year in 32757 sold for more than $119,900.  Of the 174 homes currently on the market in this zip code, only one is cheaper.  Click below for more pictures and comps.

Property Features:  New roof and HVAC, New cabinets and bathroom fixtures. New siding.  Large inside laundry room.  Sits on a huge corner lot.

Rent Rehab: $3-4k
Interior paint, service or replace appliances, and a landscape package.

Flip Rehab: $15k
Interior paint, install nicer flooring, replace counter-tops and appliances, replace electrical panel, update fixtures, and a landscape package.
 Rehab Work Needed
  • Floor
  • Paint Interior
  • Yard
 General Amenities
 Distance
Location Map
Image Gallery
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 Summary

Overview
Cheap Rent Ready 3 Or 2 in Mount Dora Flip/Rental
$119,900
Property ID: FL190967342
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32757
Country: USA


Rental Analysis

+ Purchase Price: $119,900
+ Purchase Closing Cost: $3,597
+ Rehab Cost: $4,000
Total Acquisition Cost: $127,497


Monthly Rent: $0
+ Annual Potential Rent: $0
- Vacancy (3%): $0
Annual Gross Income: $0
Annual Gross ROI: 0%


Flip Analysis

+ Purchase Price: $119,900
+ Purchase Closing Cost: $3,597
+ Rehab Cost: $15,000
Total Acquisition Cost: $138,497


+ Selling closing cost: $4,800
+ Agent Commision : $4,800
Total Holding Cost: $9,600


Total Flip Cost: $148,097
Projected ARV: $160,000
Net Income (Profit): $11,903
CAP Rate: 8.04%

 Message

3 + 8 = ?