Bed: 3 Bath: 1 SqFt: 1024
ARV: $150k Repairs: $30k Rent: $950/mo
This home sits on a large treed/shaded lot. Yes, it’s an older frame home, but it still performs as an investment. Orlando homes less than 100k do not exist and this one is well below that. What’s not to like? As soon as you close, you are getting ROI. This solid block home is currently being rented for $950/month. If you are looking for “Cash-Flow”, this Orlando area delivers. The current lease is in effect until later this year and it is currently under management, so it performs right away. All you have to do is close and it’s done. INTERIOR: Linoleum is needed in the kitchen, as the Tenant has attempted to change the flooring. Also, there is a missing cabinet door that needs to be installed. The inside could use a coat of paint. EXTERIOR: as the inside, the home could use a coat, but it’s nothing immediate. There is some fascia wood rot that needs attention. Property is currently rented below market value @ $950/month. As shown below, market is roughly $1300 for this property, so an increase in rents is the play when lease is complete. Could be 19%, wow!