4 Bd 2 Ba House in Ormond Beach! 48 Plaza Dr

  • House
    2009 square_feet
    bedroom 4 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $199,900
    Status : Available
    Year Built : 1990
 Description
48 Plaza Dr.
Ormond Beach, FL, 32176


Bedroom: 4
Bath: 2
Sqft: 2,009

ARV: $310K

Price: $199,900 cash or hard $ + all closing costs

This block home in Ormond Beach is in great shape! It’s 2009 sqft, block, has terrazzo floors, and is way under ARV. The property also features a fireplace, a one car garage, and is located in a phenomenal location. Property needs cosmetics and updating, terrazzo floors could be refinished and bathrooms  re-glazed with new vanities, and the kitchen needs to be updated. The roof looks good and there are no apparent leaks.
Comps:
  • 111 Ellicott Dr – 4/2, 2188 sqft – Sold for $399,899
  • 31 Bellewood Cir – 4/2.5, 2104 sqft – Sold for $345k
  • 85 Banyan Dr – 3/3, 1946 sqft – Active for $335k
  • 299 Anne Rustin Dr – 3/2.5, 2352 sqft – Sold for $349,979
 Rehab Work Needed
  • Kitchen
  • Master Bedroom
 General Amenities
 Distance

 Summary

Overview
4 Bd 2 Ba House in Ormond Beach! 48 Plaza Dr Flip/Rental
$199,900
Property ID: FL191152048
Address: Login to View
City: Ormond Beach
State/Province: FL
Zip Code: 32176
Country: USA


Rental Analysis

+ Purchase Price: $199,900
+ Purchase Closing Cost: $0
+ Rehab Cost: $0
Total Acquisition Cost: $199,900


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


Flip Analysis

+ Purchase Price: $199,900
+ Purchase Closing Cost: $5,997
+ Rehab Cost: $42,000
Total Acquisition Cost: $247,897


+ Selling closing cost: $9,300
+ Agent Commision : $9,300
Total Holding Cost: $18,600


Total Flip Cost: $266,497
Projected ARV: $310,000
Net Income (Profit): $43,503
CAP Rate: 16.32%

 Message

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