$0.44 Or SF Condo With a 15% ROI Or year in Rental Income! 1822 Warringwood Dr

  • Condo
    1509 ft2
    bedroom 3 Bedrooms
    bathroom 3 Baths
  • Flip
    $65,900
    Status : Available
    Year Built : 1974
 Description
1822 Warringwood Drive Unit B-3
Orlando, Florida 32839 

Price: $65,900 CASH
ARV: $89,000

Bedrooms: 3
Bathrooms: 2.5
1,509 SF
Built: 1974
Monthly Rent: $1,300 AS-IS 

At $65,900 and more than 1,500 SF, this unit represents the cheapest PPSF of any condo in the area BY FAR. It is very close to the Millenia Mall and just a ten-minute drive to Downtown Orlando. It is currently rented at $1,300/month AS IS. However, the current tenant will be moving. HoA fees are $477/month but INCLUDES water, community pool maintenance, insurance, maintenance exterior, maintenance grounds, pest control, pool maintenance, private road, recreational facilities, sewer, trash, and lawn care. The owner AND tenant won't have to worry about a thing!  This unit is projected to earn its owner $9,478 annually ($15,600/year assuming $1,300/month minus $6,122 in HoA/Taxes). $9,478/$65,900=14.4%/year 

Updates: Kitchen/Bathroom Cabinet Updates, Appliances, Tile (Optional) - $5,000-$13,000

 CASH ONLY 

For more information, call/text Zachary Tuohey at 407-928-0307 or send an email to ZTuohey23@gmail.com
 

Zachary Tuohey
Sand Dollar Realty
SL3435375
 Rehab Work Needed
 General Amenities
 Distance

 Summary

Overview
$0.44 Or SF Condo With a 15% ROI Or year in Rental Income! 1822 Warringwood Dr Flip
$65,900
Property ID: FL191257526
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32839
Country: USA


Flip Analysis

+ Purchase Price: $65,900
+ Purchase Closing Cost: $1,977
+ Rehab Cost: $10,000
Total Acquisition Cost: $77,877


+ Selling closing cost: $2,700
+ Agent Commision : $2,700
Total Holding Cost: $5,400


Total Flip Cost: $83,277
Projected ARV: $90,000
Net Income (Profit): $6,723
CAP Rate: 8.07%

 Message

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