HUGE 3 Bd 2Ba in East Orlando! 8507 Anise Ct

  • House
    2656 square_feet
    bedroom 3 Bedrooms
    bathroom 2 Baths
  • Flip
    $215,000
    Status : Available
    Year Built : 1976
 Description
8507 Anise Ct.
Orlando, FL 32825

Bedroom: 3
Bath: 2
2 Car Garage
Block
Living SF: 2,656
Built 1976
Taxes:  $1,492.30
Pool
HOA: n/a

Rehab: Medium

 
ARV: $315K - $350K

Price: $215K cash or hard $ + all closing costs


Here is a 3/2 2,656 sf home with a huge bonus room in the East Orlando neighborhood of Peppertree. The house has a 2-car garage, sits on 1/3 acre lot and has a beautiful screened in pool area.  The additional 1,000 sf was a porch but is enclosed and under air.  Seller says the additions were permitted. The house is going to need standard renovations to flip. The roof is 10 years old and the AC is 3-4 years old so those are items you may be able to avoid. This will need paint, floors, some kitchen cabinets/appliances, some bathroom work, new screens for the pool area and landscaping.

This is a hot area and most of our comps sold within 2 weeks of being listed.  With the proper rehab this should be able to sell in the $315,000 – $350,000 range pretty quickly.  You have to go out a little bit, timewise, to find similar sized homes on a big lot that are rehabbed.    That is why there is such a large variance with the ARV.


***Video available upon request***

 Rehab Work Needed
 General Amenities
 Distance
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 Summary

Overview
HUGE 3 Bd 2Ba in East Orlando! 8507 Anise Ct Flip
$215,000
Property ID: FL191172567
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32825
Country: USA


Flip Analysis

+ Purchase Price: $215,000
+ Purchase Closing Cost: $6,450
+ Rehab Cost: $45,000
Total Acquisition Cost: $266,450


+ Selling closing cost: $9,900
+ Agent Commision : $9,900
Total Holding Cost: $19,800


Total Flip Cost: $286,250
Projected ARV: $330,000
Net Income (Profit): $43,750
CAP Rate: 15.28%

 Message

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