VERY EASY Flip with Nice Flooring in Azalea Park! 408 S Alder Ave

  • House
    1658 ft2
    bedroom 4 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $169,900
    Status : Available
    Year Built : 1958
 Description
408 S Alder Ave,
Orlando FL 32807

4 Bedroom
2 Bath
No Garage
Built 1958
Sqft: 1,685
Ppsf: 100.83
Tax/Yr: 819.00
HOA: N/A
Est Rehab: Medium
Current Rent: N/A
Market Rent: 1500/mo
Gross Rent ROI: 10%

ARV: $275K

Price: $169,900  cash or hard $ + all closing costs

Selling Features: There have only been two homes that have sold for less in Azalea Park in the last 12 months, and they were in rough shape.  Meanwhile, our subject property has many new windows, a partially updated kitchen, new AC, and new breaker panels.  So with a relatively modest rehab, and quick turnaround time, the profit projections look great on this spectacular deal.

 Rehab Work Needed
  • Kitchen
 General Amenities
 Distance
Image Gallery

 Summary

Overview
VERY EASY Flip with Nice Flooring in Azalea Park! 408 S Alder Ave Flip/Rental
$169,900
Property ID: FL191129814
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32807
Country: USA


Rental Analysis

+ Purchase Price: $169,900
+ Purchase Closing Cost: $5,097
+ Rehab Cost: $0
Total Acquisition Cost: $174,997


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


Flip Analysis

+ Purchase Price: $169,900
+ Purchase Closing Cost: $5,097
+ Rehab Cost: $20,000
Total Acquisition Cost: $194,997


+ Selling closing cost: $8,250
+ Agent Commision : $8,250
Total Holding Cost: $16,500


Total Flip Cost: $211,497
Projected ARV: $275,000
Net Income (Profit): $63,503
CAP Rate: 30.03%

 Message

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