Gwinnett Dr, Winter Garden, FL 34787

Bed: 3    Bath: 3.5    SqFt: 2304

ARV: $369k     Repairs: $10k     Rent: $2000/mo

$299,000+cc

This beautiful home doesn’t need to much love to turn a profit. Built in 2015 with gorgeous top-notch finishes, all you’ll really need to do is replace the carpet and some of the flooring and throw on a fresh coat of paint for around $12k total tops. Comps easily value this property at $369k, tons of built-in equity for this deal and a solid, quick profit. On the other hand, it’s currently occupied by a great long-term tenant paying $2,000 per month. The lease ends March 2019, and tenant is open to moving out but will need to be compensated for agreeing to break the lease early. However, market rent looks to actually be around $2300-2400/month, so theres a tradeoff for you to consider. HOA fees are $211/month. If you’re in the market for a high-end rental with tons of built-in equity and solid monthly cash flow (with potential for even more cash flow) or a quick low-maintenance flip, then this is a perfect deal for you. Drive-by only for now, DO NOT DISTURB THE TENANT.  Call now for more info.
Comps:

  • 15097 Valverse Alley – 3/2.5, 2400sf, built 2015, sold for $415k
  • 15537 Aviation Alley – 4/3, 3200sf, gorgeous updates, sold for $398k
  • 5443 Bowman Dr – 4/4, 2600sf, nice updates, sold for $375k

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