3 Bd 2 Ba Ormond Beach House Steps from the Atlantic Ocean! 64 Kent Dr

  • House
    1222 ft2
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip/Rental
    $188,000
    Status : Available
    Year Built : 1959
 Description
64 Kent Dr
Ormond Beach 32176


Bedrooms:3   
Bathrooms:2 
Ext. Construction:Block

Living SF:1,222 
Built: 1959
Annual Taxes: $2,360
Rehab:$25K

ARV: $280K

Price: $188K cash or hard $ + all closing costs

Property Description

The ultimate beach home in a beautiful neighborhood just steps from the Atlantic Ocean and Andy Romano Beachfront Park.  The property is located on a quiet street.House will just need cosmetic updates.  For a rental, you will probably only need to spend about 5k.  For a flip, you are looking at 25k to 30k.
Comps:61 Harvard Dr., Ormond Beach FL – Sold for 249,00 3/2 1,448 sf Sold 8/22/19 Not rehabbed with Pool
27 Marvin Rd., Ormond Beach FL – Sold for 285,900 2/2 1,183 sf Sold 3/5/19 Rehabbed
195 Benjamin Dr., Ormond Beach FL – Sold for 310,000 3/2 1,250 sf Sold 12/13/19 Rehabbed
 Rehab Work Needed
  • Kitchen
 General Amenities
 Distance
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 Summary

Overview
3 Bd 2 Ba Ormond Beach House Steps from the Atlantic Ocean! 64 Kent Dr Flip/Rental
$188,000
Property ID: FL191152333
Address: Login to View
City: Ormond Beach
State/Province: FL
Zip Code: 32176
Country: USA


Rental Analysis

+ Purchase Price: $188,000
+ Purchase Closing Cost: $5,640
+ Rehab Cost: $5,000
Total Acquisition Cost: $198,640


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


Flip Analysis

+ Purchase Price: $188,000
+ Purchase Closing Cost: $5,640
+ Rehab Cost: $30,000
Total Acquisition Cost: $223,640


+ Selling closing cost: $8,400
+ Agent Commision : $8,400
Total Holding Cost: $16,800


Total Flip Cost: $240,440
Projected ARV: $280,000
Net Income (Profit): $39,560
CAP Rate: 16.45%

 Message

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