SOLD – Kenwick Cir, Casselberry, FL 32707

Beds: 2   Baths: 2   Sq. Ft: 1126

ARV: $115k    Repairs: $5k-$12k    Rent: $1000-1100/mo

$78,000+cc

Partially renovated condo in Oxford Square in Casselberry. This 2nd floor unit is a 2/2, 1126 sq ft and has updated bathrooms( just need the vanities painted), new ac, all the 14mm laminate flooring is there for the main areas as well as all the paint for the entire apt  As a rental you need to install the flooring and paint, add appliances in the kitchen and carpet in the bedrooms. The rents in there are going between $1000-$1100 for similar units. For a flip you will do the same thing but also redo the kitchen. You are probably about $12k on a flip and less than $5k for a rental. The comps for a flip should be about $110k to $115k. You have had 2 sell for $90k in the last 6 months that are updated but not flips and 1 that is updated and is pending for $125,800 and was the nicest of the 3 units that have sold. I am estimating this one should sell for about $115k-$120k.  If you air on the side of caution you can put the ARV at $115k. That puts this one at 78% of ARV. HOA is $235/mth

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