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 College Park Bungalow UNDER $75K! 1818 Courtland Street

  • House
    580 ft2
    bedroom 1 Bedrooms
    bathroom 1 Baths
  • Flip/Rental
    $74,900
    Status : Available
    Year Built : 1951
 Description
1/1 College Park Bungalow with Giant Lot!  

1818 Courtland Street
Orlando, Florida 32804  

Price: $74,900
ARV: $130,000  

Bedrooms: 1
Bathrooms: 1
SF: 580
PPSF: $129
Built: 1954
Construction: Wood Framing 
    
Looking for a massive lot in a great location with plenty of room to add on? This prime property is located just blocks from downtown College Park, near Bishop Moore and Edgewater High School. The house is very small at just 580 sf but there is plenty of room to add on. Most of the siding is still good, however some will need to be replaced. It's difficult to find vacant land in this area at this price, let alone a large lot with a house that can stay. Once restored, it can easily attain $900-$1,000 in rent with potential for more if the new owner decides to add square footage, bedrooms and/or bathrooms. Check out the comps below!  

Estimated repair cost: $20,000
The roof is due for a replacement. It will also need some plumbing and cosmetic work as well as appliances.
 Rehab Work Needed
  • Air Conditioning
  • Bathroom
  • Roof
 General Amenities
 Distance

 Summary

Overview
College Park Bungalow UNDER $75K! 1818 Courtland Street Flip/Rental
$74,900
Property ID: FL191294524
Address: Login to View
City: Orlando
State/Province: FL
Zip Code: 32804
Country: USA


Rental Analysis

+ Purchase Price: $74,900
+ Purchase Closing Cost: $2,247
+ Rehab Cost: $12,000
Total Acquisition Cost: $89,147


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


Flip Analysis

+ Purchase Price: $74,900
+ Purchase Closing Cost: $2,247
+ Rehab Cost: $20,000
Total Acquisition Cost: $97,147


+ Selling closing cost: $3,900
+ Agent Commision : $3,900
Total Holding Cost: $7,800


Total Flip Cost: $104,947
Projected ARV: $130,000
Net Income (Profit): $25,053
CAP Rate: 23.87%

 Message

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