Monarco Ave, Deltona, FL 32725

Beds: 3    Baths: 2     SqFt: 1,524

ARV: $195k-$200k    Repairs: $35k-$40k    Rent: $1,350/mo

$125,000+cc

CHEAPEST & ONLY 3/2 AVAILABLE IN DELTONA UNDER $130K! Come quick and check out this 3 bedroom 2 bath split-plan block home that was built in 1988 and offers 1,524 sqft, a 2 car garage, .28 acre lot with no rear neighbors. This property can be cleaned out and held as a rental for a year and then sell it for nice profit, or updated throughout to resell at $195k-$200k. The Deltona market is incredibly hot right now and finding properties at this price point is becoming more and more difficult. This property marks the cheapest available three-bedroom house available in Deltona. Properties in this zip code under $100 per square foot are soon to be a thing of the past.  Act Now, Act Fast!

Comps:

  • 1286 Voyager St 3/2/2 1,555 sqft Sold $193k in 6 days on 3/2/2018 Renovated
  • 458 Leland Dr 3/2/2 1,468 sqft Wood Frame Pending $189,900 in 8 days closes 4/27/2018 Remodeled
  • 422 De Carlo Ct 3/2/2 1,518 sqft Pending $189 in 1 day Clean Not Updated

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Pompano Dr, Rockledge, FL 32955

Beds: 3    Baths: 2    Sq.Ft: 1450

ARV: $180k    Repairs: $25k-$30k    Rent: $1150/mo

$109,900+cc

Easy Space Coast Flip or Rental! Once some basic cosmetics are complete, this home is an easy rehab that will get you tenants in place quickly and get you consistent returns for years to come. Remodeled homes in this area are demanding an average price point upwards of $123 a square foot! Rent Rehab: 10k-15k – Replace carpet in bedrooms, fixtures, interior paint and cleaning kitchen and bathrooms. Flip Rehab: 25k-30k – Update kitchen, new appliances, update bathrooms, flooring, fixtures, interior/exterior paint.

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W Starburst Ln, Homosassa, FL 34446

Beds: 2    Baths: 1    Sq.Ft: 644

ARV: $50k    Repairs: $5k    Rent: $600/mo

$27,500+cc

Homosassa Rental! Here is a great opportunity to pick up a easy rental property in Homosassa. It is a 2 bedroom 1 bath mobile home that sits on just under a half of an acre. It will need some minor interior work to get rent ready. There is covered parking along with a covered patio to enjoy. This property has central air and the unit is in good working condition. It will be nice pickup for any level of investor to add to their portfolio.

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N Paul Dr, Inverness, FL 34453

Beds: 3    Baths: 2    Sq.Ft: 972

ARV: $50k    Repairs: $0    Rent: $650/mo

$29,900+cc

Cheap Rental in Inverness! Here is a nice opportunity to add a cash-flowing property to your portfolio for under $30,000. It has a long term tenant that pays $650 per month and is on a signed month to month lease. Mobile homes on land tend to move quickly

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Crestview Dr, Orange City, FL 32763

Beds: 2    Baths: 2    Sq.Ft: 1290

ARV: $175k    Repairs: $35k    Rent: $800/mo

$105,000+cc

Great 2/2 1290sf block house in Orange City. You’ve got a few options with this one: put $35k into the renovation and sell for $170k-$175k, keep the existing tenants at $800/month (were expecting an increase next month) or raise their rents a bit, or make some minimal repairs for higher-paying tenants. Tenants are on a month to month lease. The comps below are not fully renovated so that is why we are expecting  a ARV in the $170k-175k range. TENANT OCCUPIED, DRIVE BY ONLY FOR NOW AND CALL TO SET UP A SHOWING APPOINTMENT.

Sales Comps:

  • 725 Amhurst Dr was only a 2/1.5, 1056 sq ft and sold for $146k on 11/17. This house is 200 sq ft smaller and not updated. Just updating it will bring the value up to about $166k and ours is bigger.
  • 765 Crestview: 2/2, 1557sf, not updated at all, had older kitchen, carpet throughout and wallpaper on most walls, sold in 3 days for $150k.  We feel that this one renovated should have easily gotten in the uppper $180s if not more
  • 740 Biscayne Dr: 2/2, 1272 sf and was a pool home but was very basic and not updated. The enclosure for the pool is very old looking, there is carpet through most of the house, the kitchen is outdated and the windows are old.  This home sold for $165,900. We think it should of been able to get in the $185k-$190k range if it was updated.  With a minus fo $15k for the pool, that would bring our subject to $170k-175k

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Ridgemont Rd, Orlando, FL 32808

Beds: 3    Baths: 2    Sq.Ft: 1080

ARV: $140k    Repairs: $15k    Rent: $1050/mo

$99,900+cc

Block 3/2 located in Pine Ridge Estates.  For a rental, you will need about 15k in rehab including but not limited to kitchen updates, bath cleanup, some flooring and paint.  The roof doesn’t have any leaks, but for a flip, you probably want to replace it.  With values increasing in this area non-stop, holding and renting for a year, and then flipping may not be a bad strategy.

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Milan Dr, Orlando, FL 32810

Beds: 3    Baths: 2    Sq.Ft: 1175

ARV: $210k    Repairs: $30k-$35k

$142,000+cc

3/2 block home with a pool in the highly desires Kingswood Manor!  Property has been neglected and is going to need the following:  paint and carpet, 2 bathrooms, kitchen, ac installed and ducted, pool work, landscaping and some other odds and ends.  The house is only 1,100 sf so you should be able to keep the rehab to $35k maximum. Since this house is one of the few that has a pool, you should be able to see super quick on the retail end of things.  I don’t see why you shouldn’t get $210k or more on the back end.

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