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 Bay Hill Dream Flip! - 8609 S Bay Drive

  • House
    2882 ft2
    bedroom 4 Bedrooms
    bathroom 3 Baths
  • Flip
    $359,900
    Status : Available
    Year Built : 1984
 Description
Bay Hill Dream Flip

8609 S Bay Dr
Orlando, FL 32819

Price: $359,900
ARV: $600,000 +

Bedroom: 4
Bath: 2.5
Garage: 2 Car
Ext Const: Block & Siding
Built: 1984
Sqft: 2882
Ppsf: 125
Tax/Yr: $7997
Septic/Sewer: Sewer
HOA: $1,560 per year
County: Orange

Property Description:  This is a dream flip for the experienced investor in one of the most exclusive neighborhoods in Orlando.  At $125 per square foot, this represents the second cheapest property available in the entire zip code.  For perspective, of the 139 single family homes over 2,600 sq ft to sell in the last year, only 6 sold for less than $359,900.  Homes in this area that have been rehabbed appropriately and priced right sell quickly.

Property Features Include:  Located in the exclusive Bay Hill community.  Home of Arnold Palmer's Bay Hill Club and Lodge and the Arnold Palmer Invitational.  Zoned for the A rated Dr Phillips Elementary and Southwest Middle Schools as well as the very desirable Dr Phillips High School.  Walking distance to the neighborhood dock on Lake Tibet and access to the Butler Chain of Lakes. 

Flip Rehab: $120 - $130k
Full comprehensive rehab.  Roof must be replaced within 90 days as per HOA regulations.


 Rehab Work Needed
  • Bathroom
  • Bedroom
  • Floor
  • Kitchen
  • Living Room
  • Master Bedroom
  • Paint Exterior
  • Paint Interior
  • Roof
 General Amenities
  • In Ground Pool
 Distance
Location Map
Files

1568664136_862585932.pdf

Image Gallery
1568664108_868294125.JPG

 Summary

Overview
Bay Hill Dream Flip! - 8609 S Bay Drive Flip
$359,900
Property ID: FL190968548
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32819
Country: USA


Flip Analysis

+ Purchase Price: $359,900
+ Purchase Closing Cost: $10,797
+ Rehab Cost: $125,000
Total Acquisition Cost: $495,697


+ Selling closing cost: $18,000
+ Agent Commision : $18,000
Total Holding Cost: $36,000


Total Flip Cost: $531,697
Projected ARV: $600,000
Net Income (Profit): $68,303
CAP Rate: 12.85%

 Message

6 + 2 = ?