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

House

2009 square_feet

4 Bedrooms

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

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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%

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