Orlando

Daring Ave, Orlando, FL 32826

Beds: 4    Baths: 1.5    SqFt: 1370

ARV: $230k     Repairs: $30k-$35k     Rent: $2,000-2,400/mo

$155,000+cc 

Excellent deal in 32826. Either flip the property with $30-$35k in repairs to reach an ARV of $230k+, or keep the property and reap the rewards. Current market rent is at least $1450/mo; however, the property is about a 5-minute drive to UCF. If you rent it out by the room for $500-$600/month/room, you’re looking at $2000-$2400 monthly cash flow. This deal makes for a great, quick flip or a fantastic rental in an excellent area. Its a great deal for any investor! HOME IS OWNER OCCUPIED, DRIVE-BY ONLY FOR NOW, CALL NOW FOR MORE INFO AND TO SCHEDULE A SHOWING.

Flip Repair Breakdown:

Kitchen = $10k
Bathrooms = $4k
Flooring and Paint: $7.5k
A/C = $3K
Windows and Doors = $1k
Plumbing and Electric = $1k
Roof = $1k
Landscaping = $1k
Misc = $1.5-$6.5k
Total Repairs = $30k-$35k

Sales Comps:

  • **2900 Allison Ave**: 3/1.5, only 1020 sf, nicely updated. Its 3500sf smaller, has one less bedroom, and sold in 6 days for $191k. Just the difference in square footage alone puts the ARV of the subject property at $230k.
  • 2312 Donegan Pl : 3/2, 1217sf, updated, sold for $213k.
  • 13759 Glasser Ave: 3/2 1170sf, not updated whatsoever, sold in 11 days for $199k
  • 13705 Glasser Ave: 3/2, 1172sf, not updated whatsoever, sold in 2 days for $198k

Rental Comps:

  • 2429 Radnor Ave: 3/2, 1195sf, not updated, leased for $1400/mo.
  • 2113 Hannah Ln: 3/2, 1184sf, not updated, leased for $1425/mo
  • 13835 Glasser Ave: 3/2, 1195sf, not updated, leased for $1450/mo

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Citrus St, Orlando, FL 32805

Bed: 2   Bath: 1    SqFt: 873

ARV: $90k     Rehab: $2k-$3k     Rent: $950/mo

$72,500+cc  Assignable

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Concrete block single family home located near Camping World Stadium, just west of Downtown Orlando. It consists of 2 bedrooms and 1 bathroom with central A/C. This property is currently vacant which will make it easy to complete some cosmetic repairs and renovations to make rent-ready. Market rent ranges from $850-$1000 per month. Downtown Orlando properties are moving quickly, so don’t miss out on this opportunity.

Parkside Dr., Orlando FL 32812

Bed: 4   Bath: 4    SqFt: 2050

ARV: $380k-$450k     Rent: $900-$1100/mo

$289,900+cc  Assignable

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This unique full duplex with 2/2 on each side comes updated and move in ready with individual carport and additional parking. One side is already vacant and can be rented at $1100-$1200 while the other is currently bringing in $900. The property is in excellent condition and is virtually turn key.  This one is very hard to comp as none have sold recently in the zip code. Neighboring zip code has similar properties from $380,000 – $450,000. The real kicker is that $135,000 in owner financing is being offered by the seller. Terms are interest only at just 6% for 3 years with potential to renew thereafter.

PENDING – Baltic St, Orlando, FL 32817

Beds: 3    Baths: 1    SqFt: 875

ARV: $190k    Repairs: $25k    Rent: $1200/mo

$122,500+cc 

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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.

 

PENDING – Ravenall Ave, Orlando, FL 32811

Bed: 3    Bath: 1 .5    SqFt: 1085

ARV: $135k     Repairs: $15k-20k     Rent: $1300/mo

$86,000+cc

Only 5 properties have closed for a lower price per square foot within a half mile radius of this home in the last 6 months.  Only 2 homes have closed traditional for a lower sales price in the last 6 months in that same half mile radius.  This is the only home available in Richmond Heights right now under $121k.  Rehabbed properties are fetching over $130k in sales price.  This property presents an excellent rent return for the right investor with low taxes and no HOA.   You will be hard pressed to find this kind of return in a no HOA house anywhere in Orlando.
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PENDING – Bolling Dr, Orlando, FL 32808

Beds: 3    Baths: 2    SqFt: 1982

ARV: $199k+    Repairs: $30k-$35k   Rent: $1600/Mo

$126,000+cc 

This is a great family home in Pine Hills with potential to be 2 units. It has a ton of square footage including an enclosed garage that can be easily converted back. Great back yard with beautifully refinished pool and multiple storage sheds. The kitchen has very high end appliances (seller stated the Viking cooktop alone was $10,000) and is in good shape overall. The house also comes with a high end security system which include numerous cameras along with smart home features that turn on and off lights and lock doors from anywhere in the world. It also has some beautiful landscaping. Some light cleanup and you will be set! There’s a enclosed porch that needs to be torn down or repaired. The roof also has a leak but doesn’t need to be replaced just repaired (please call for more details on the roof repair). The AC is 20 years old but it is still working fine as they have kept up on maintenance. With some easy fixes this house could be GREAT! This is a perfect family home for a large family and with a quick cheap remodel this could be a winner! Call for more details, there will be a group walk for serious buyers only.House needs flooring throughout, bathroom updates, paint, counter tops in kitchen, some opening of walls, roof repairs (drainage issues, not a roof issue), drywall repairs, fixtures, some doors, cleaning, etc

We would consider knocking off the front facing portion of the roof line. This was done for aesthetics and it is the reason for the leak issues. Depending on how the roof was constructed, it might be better to just remove for proper water flow and drainage as the roof behind it seems to have a normal pitch. We would also open the wall between the two back rooms to make for a large family room. Bathroom tile could easily be refinished to save from demo and new tile.

 

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PENDING – Essex Pl, Orlando, FL 32803

Beds: 2   Baths: 1.5    SqFt: 1399

ARV: $359k+    Repairs: $60k

$227,000+cc 

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Amazing downtown Orlando flip deal in 32803 near Lake Como! Needs just about everything and then some (repair breakdown below), but if you put in a nice renovation and finish off some of the additional sq footage that is already under the roof line you should increase the ARV to at least $355k after $60k in renovations. The added space should allow for another bedroom, which will allow you to fully maximize the value of this property.  There are new construction homes a block away for the upper $600’s-upper $700’s.

Comps:

  • 1704 Antigua: 3/2, 1483sf, not updated, sold in less than a month for $330k, $222/sf
  • 2117 Buckminster: 2/2, 1346sf, updated, sold in 2 days for $325k, $241/sf
  • 2220 E Gore – 3/2, 1298sf, updated, sold in 5 days for $320k, $246/sf