SOLD – Kinnon Drive, Orlando, FL 32817

Bed: 3    Bath: 2    SqFt: 1338

ARV: $200k     Repairs: $8k     Rent: $1400/mo

$144,000+cc

This home sits in the very desirable neighborhood, “Arbor Ridge”, which is near UCF.  In the current market, finding a home that performs as a rental and provides equity is tough to find.  But . . . not for you, it’s here as your new “Portfolio Addition.”  What’s not to like?  As soon as you close, you are getting ROI.  This solid block home is currently being rented for $1400/month.  That is terrific rent for this highly desirable area.  If you are looking for “Cash-Flow”, this Orlando home delivers.  The current lease is in effect until next year and it is currently under management, so it performs right away.  All you have to do is close and it’s done.  INTERIOR: there is minor caulking needed at the base of the french doors.  EXTERIOR: the home could use a coat of paint, but it’s nothing immediate.  Yes, the roof needs replacing but with all the equity, 6k is factored in.  No worries there.

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