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 SUPER CHEAP! Block House in 32835 with Large Yard!

  • House
    916 ft2
    bedroom 2 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $79,900
    Status : Available
    Year Built : 1954
 Description
326 S Observatory Drive
Orlando, Florida 32835  

Price: $79,900
ARV: $145,000 

Bedrooms: 2
Bathrooms: 1
Square feet: 916
Year Built: 1954
Construction: Block  

Architectural drawings are already in place to convert this house into a 3/2! At under $80,000, this is by far the cheapest house in the area. It features a large back yard and built-to-last block construction. Its location is just minutes to Downtown Orlando and has great potential as a flip or rental.  

Rehab Cost: $30-$35,000
Additional room and bathroom renovation - $12-$15,000
Needs to be completely rewired (electrical) - $8,000
Miscellaneous repairs (drywall, exterior, windows) - $3,000
Flooring - $3,000
Cabinets/Appliances - $3,000
Interior paint - $2,500  

Comps:
$139,000 - 44 S LANCELOT AVE, ORLANDO, FL 32835 (SLD) - 3/2 1,081 SF
$170,000 - 6145 CHANTRY ST, ORLANDO, FL 32835 (ACT) - 3/2 1,152 SF
$169,900 - 9 N JOHN ST, ORLANDO, FL 32835 (SLD) - 3/2 1,170 SF  

CASH or HARD MONEY loan only
$3,000-$5,000 Earnest Money Deposit
Property is sold as-is. Buyer to perform due diligence before purchasing

Contact Zachary Tuohey at 407-928-0307 or ZTuohey23@gmail.com for more information. Sand Dollar Realty SL3435375
 Rehab Work Needed
 General Amenities
 Distance
Location Map
Image Gallery
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 Summary

Overview
SUPER CHEAP! Block House in 32835 with Large Yard! Flip/Rental
$79,900
Property ID: FL191172699
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32835
Country: USA


Rental Analysis

+ Purchase Price: $79,900
+ Purchase Closing Cost: $2,397
+ Rehab Cost: $10,000
Total Acquisition Cost: $92,297


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


Flip Analysis

+ Purchase Price: $79,900
+ Purchase Closing Cost: $2,397
+ Rehab Cost: $32,000
Total Acquisition Cost: $114,297


+ Selling closing cost: $4,350
+ Agent Commision : $4,350
Total Holding Cost: $8,700


Total Flip Cost: $122,997
Projected ARV: $145,000
Net Income (Profit): $22,003
CAP Rate: 17.89%

 Message

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