Beds: 3 Baths: 1 SqFt: 875
ARV: $190k Repairs: $25k Rent: $1200/mo
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Very clean East Orlando rental with practically nothing needed. If you want to flip this, a garage conversion would add significant value. Check out 2336 Nansen Avenue that sold in mid June for $190,000. There is a tenant in place who is a friend of the current owner and is on a discounted month to month rate of $1,000/mo. The tenant wants to stay and you should be able to bump the rent to market if you want to hold as a rental. It may look a little cluttered in the pics but it felt very clean and well maintained, even smelled great. Roof is 6 years old. A/C under 10 years old.
Rental Rehab Estimate: : $2k
$0 needed if keeping existing tenant but could use some minor yard cleanup, some wood repairs along the exterior of the garage and general maintenance.
Flip Rehab Estimate: : Garage Conversion
The main house is in great condition and would not need much of anything outside of above. The garage conversion would be your main cost here. This would need to be priced out by your contractor and would vary depending on your plan. I would personally budget $15k for the conversion and bath addition and additional $10k for upgrades.