Cheapest 3 Or 2 in Deltona! 2788 Huron Dr

  • House
    1078 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $112,000
    Status : Available
    Year Built : 1989
 Description
2788 Huron Dr.,
Deltona FL 32738

Bedrooms:3   
Bathrooms:2
Ext. Construction:Block

Living SF:1.078 - 1378 
Built: 1989
Annual Taxes: $526
Rehab:$15K - $25K

ARV: $155K - $195K

Price: $112K cash or hard $ + all closing costs

Property Description

This is the cheapest 3/2 with a garage that is available for sale in the entire City of Deltona.  Not only is it super inexpensive, but it barely needs any work to be finished.  The roof, electric, and ac are all in great shape.  The appliance were purchased recently, and the sellers have a ton of tile already purchased that just needs to be laid.You will need to remove the overground pool in the back and put some grass seed down, paint inside, spray one bath, lay the flooring, and add granite to the kitchen.  There is also a porch on the back of the house that I would consider turning into living square footage.  It is about 300 sf, so 10k should be more than enough to budget for that room.  With the average p/sf for rehabbed and non-rehabbed houses in the 1,000 sf to 1,400 sf range being $142, it makes sense to spend the extra money for the extra room.On the resale side, there are currently no rehabbed houses on the market, that you would be competing with.  Keeping with the $142/sf average, your range on your sell price would be anywhere from 155k to 195k.  You do have higher sales, but we feel that would be a safe range.

 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
Cheapest 3 Or 2 in Deltona! 2788 Huron Dr Flip
$112,000
Property ID: FL191133944
Address: Login to View
City: Deltona
State/Province: FL
Zip Code: 32788
Country: USA


Flip Analysis

+ Purchase Price: $112,000
+ Purchase Closing Cost: $3,360
+ Rehab Cost: $25,000
Total Acquisition Cost: $140,360


+ Selling closing cost: $5,100
+ Agent Commision : $5,100
Total Holding Cost: $10,200


Total Flip Cost: $150,560
Projected ARV: $170,000
Net Income (Profit): $19,440
CAP Rate: 12.91%

 Message

6 + 4 = ?