N Carolina Ave, Cocoa, FL 32922

Beds: 3    Baths: 2    SqFt: 1157

ARV: $120k     Repairs: $5k-$10k    Rent: $1,100-1,200/mo

$84,000+cc 

This 3 bedroom 2 bath block house is in overall good condition and offers 1,157 sqft of living space. The roof and AC appear to be in good condition, a good cleaning is all you would need to do to get this property rent ready at $1,100-$1,200/mo. Taxes were only $904 for 2017, with insurance your operating at a cap rate close to 14%. For a quick flip, some paint, baseboards and minor work in the bathrooms and kitchen is all you would need to do to flip this to an end buyer. You could  probably get away with between $5k-$10k in repairs to turn this around. See comps below for both options:

Rental Comps:

  • 1044 Avon Pl – 3/2 – 1,056 sqft – Clean, somewhat updated – Rented $1,200
  • 411 Prospect Ave – 3/1.5 – 1,100 sqft – Clean, dated – Rented $1,150
  • 1102 Highland Dr – 3/1.5 – 984 sqft – Clean, updated with pool – Rented $1,200

Flip Comps:

  • 1103 W Highland Dr. – 4/2 – 1,134 sqft – Clean, updated – SOLD $127k – 12 DOM
  • 1058 Olive St – 3/2 – 1,015 sqft – Clean, dated – PENDING $105k – 49 DOM
  • 416 Thomas Ave – 3/1 – 960 sqft – Clean, dated – PENDING $99k – 2 DOM

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Daring Ave, Orlando, FL 32826

Beds: 4    Baths: 1.5    SqFt: 1370

ARV: $230k     Repairs: $30k-$35k     Rent: $2,000-2,400/mo

$155,000+cc 

Excellent deal in 32826. Either flip the property with $30-$35k in repairs to reach an ARV of $230k+, or keep the property and reap the rewards. Current market rent is at least $1450/mo; however, the property is about a 5-minute drive to UCF. If you rent it out by the room for $500-$600/month/room, you’re looking at $2000-$2400 monthly cash flow. This deal makes for a great, quick flip or a fantastic rental in an excellent area. Its a great deal for any investor! HOME IS OWNER OCCUPIED, DRIVE-BY ONLY FOR NOW, CALL NOW FOR MORE INFO AND TO SCHEDULE A SHOWING.

Flip Repair Breakdown:

Kitchen = $10k
Bathrooms = $4k
Flooring and Paint: $7.5k
A/C = $3K
Windows and Doors = $1k
Plumbing and Electric = $1k
Roof = $1k
Landscaping = $1k
Misc = $1.5-$6.5k
Total Repairs = $30k-$35k

Sales Comps:

  • **2900 Allison Ave**: 3/1.5, only 1020 sf, nicely updated. Its 3500sf smaller, has one less bedroom, and sold in 6 days for $191k. Just the difference in square footage alone puts the ARV of the subject property at $230k.
  • 2312 Donegan Pl : 3/2, 1217sf, updated, sold for $213k.
  • 13759 Glasser Ave: 3/2 1170sf, not updated whatsoever, sold in 11 days for $199k
  • 13705 Glasser Ave: 3/2, 1172sf, not updated whatsoever, sold in 2 days for $198k

Rental Comps:

  • 2429 Radnor Ave: 3/2, 1195sf, not updated, leased for $1400/mo.
  • 2113 Hannah Ln: 3/2, 1184sf, not updated, leased for $1425/mo
  • 13835 Glasser Ave: 3/2, 1195sf, not updated, leased for $1450/mo

For additional photos Click Here

Beverly Ave, Winter Park, FL 32789

Beds: 3    Baths: 2    SqFt: 1592

ARV: $200k     Repairs: $1k     Rent: $1500/mo

$159,900+cc 

Great opportunity to add to your rental portfolio, nice 3/2 home in a central Winter Park location! Home has nice spacious bedrooms, nice layout and its basically almost rent ready. Interior is clean, with very minor cosmetics needed. Kitchen, baths are all in good shape. Home has wood laminate all through out with bath in tile. Paint in very good shape, and well as windows and trim. Outside need very minor cosmetics, will need grass cut and minor landscape clean up. A/C seems in good shape as well as electrical and plumbing. Roof is older but in good shape. Home did have a slight settlement/sinkhole issue, but was professionally remedied by insurance company. As a cash flow property, it needs very little and will rent for around $1,500. This property also has flip potential. Great opportunity in a great location!

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Pine Tree Rd, Lake Mary, FL 32746

Bed: 4    Bath: 3    SqFt: 2167

ARV: $380k     Repairs: $5k

$299,900+cc

Don’t look too hard… these numbers are not a typo. This could quite possibly be the easiest flip of the year.  This will be the second cheapest property to sell in this neighborhood on a price per square foot analysis and one of 2 properties to sell in Cardinal Oaks under $300k in the last 6 months.  This is the ONLY pool home over 2k square feet anywhere in Lake Mary under $300k currently.  The best part of this house – nearly all of the work is already done.  With only a few minor touches left, this property could be finished and relisted for premium pricing extremely quickly.  Strong comps, and a recent appraisal of $370k as is on this property present a deal that most investors dream of in this market.  Updated properties in this neighborhood not only sell for a premium, but they sell fast.  Act quickly, as this property will be gone before you know it. Property Features: Block construction, new wood flooring and ceramic tile throughout the home, fully functional kitchen with maple cabinetry, granite countertops, new tile backsplash, wine storage and stainless steel appliances, wood burning fireplace, master bedroom with walk in closet, updated master bathroom, open air pavered lanai, nearly ½ acre lot with pool, 2 car garage, interior laundry room, lots of storage. Flip Rehab includes: Resurface kitchen counters, back fence addition, new pool filter, landscaping clean up, new laundry sink

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Leewood Blvd., Melbourne, FL 32935

Beds: 4    Baths: 2    SqFt: 1352

ARV: $170k    Repairs: $500 (Rent) or $20k-25k (Flip)     Rent: $1250/mo

$115,000+cc 

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This is a solid turnkey rental located in beautiful Melbourne, Florida. The home has 3 bedrooms, 2 bathrooms and an in-ground pool. All pool systems have been kept in good working order. Currently, the home is tenant occupied through January (being verified) and generating $1250 per month. Similar updated homes in the neighborhood have sold for over $165,000.

Viva Via Dr, Hudson FL 34667

Bed: 3    Bath: 2    SqFt: 2001

ARV: $175k      Repairs: $25k

$109,900+cc

Check out this Flip opportunity located in the quiet neighborhood of Viva Villas in Hudson, FL. This block home features three bedrooms, two bathrooms and two thousand square feet of living space. The rehab will consist of mostly cosmetic updating. With new flooring, paint inside and out, updates to the kitchen and bathrooms as well as installing a new a/c system in the home, this property should be ready to flip! This home has great curb appeal with the Spanish tile roof and certainly sets itself apart from the competition in the neighborhood. We have placed a very conservative ARV on the property but are speculating it could sell in the $185K range based on some of the positive differences it has when compared to many of the properties that have sold recently in this area.

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Parchment Dr., Hudson, FL 34667

SqFt: 1068

ARV: $150k      Repairs: $90k

$16,900+cc

Great opportunity in a quiet neighborhood to build a new home. The previous residence was a 1068 square foot home that was destroyed by a fire. The property still has the original concrete slab and sits between two homes in this established neighborhood in Hudson. This is a 70′ x 85′ platted lot in Beacon Woods Village consisting of approximately 6,000 square feet.

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