Cheap Rent Ready 3/2 with Equity
4254 Melanie Ln
Mount Dora, FL 32757
Price: $119,900ARV: $160,000
Bedroom: 3Bath: 2
Ext Const: Frame & Siding
Rent: $1,100 - $1,200/month
Gross ROI: 11 - 12%
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
paint, install nicer flooring, replace counter-tops and appliances,
replace electrical panel, update fixtures, and a landscape package.