Orlando

Ridgemont Rd, Orlando, FL 32808

Beds: 3    Baths: 2    Sq.Ft: 1080

ARV: $140k    Repairs: $15k    Rent: $1050/mo

$99,900+cc

Block 3/2 located in Pine Ridge Estates.  For a rental, you will need about 15k in rehab including but not limited to kitchen updates, bath cleanup, some flooring and paint.  The roof doesn’t have any leaks, but for a flip, you probably want to replace it.  With values increasing in this area non-stop, holding and renting for a year, and then flipping may not be a bad strategy.

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Milan Dr, Orlando, FL 32810

Beds: 3    Baths: 2    Sq.Ft: 1175

ARV: $210k    Repairs: $30k-$35k

$142,000+cc

3/2 block home with a pool in the highly desires Kingswood Manor!  Property has been neglected and is going to need the following:  paint and carpet, 2 bathrooms, kitchen, ac installed and ducted, pool work, landscaping and some other odds and ends.  The house is only 1,100 sf so you should be able to keep the rehab to $35k maximum. Since this house is one of the few that has a pool, you should be able to see super quick on the retail end of things.  I don’t see why you shouldn’t get $210k or more on the back end.

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Willowpointe Cir, Orlando, FL 32822

Beds: 2    Baths: 2    Sq.Ft: 892

Repairs: $0    Rent: $1100-1200/mo

$124,900+cc

Off-Market On The Golf Course in Ventura Country Club! This 2 bedroom 2 bath second story  condo would make a great addition to your rental portfolio, this unit sits in Willowpointe complex in the Gated Ventura Country Club Community with 500 acres of lush gardens and pond. An 18-hole championship golf course, lighted tennis courts, large pool, 16,000 square foot clubhouse, beach area, a beautiful lake, bicycle paths and jogging trails. This condo backs up to the golf course providing great views from your screened balcony and is a short walking distance from the Club House. This unit has been well taken care of, clean and move in ready.  This unit is sold fully furnished. Market rents are $1,200, 2 HOAs one is $130/mo and the other is $189/mo, includes all amenities and sewer, water and trash.  Taxes $1,679/yr. Rehabbed and Dated units selling for $140k, 6108 Burnside Circle, dated unit sold in July 2017 for $140k.

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E. Spruce St, Orlando, FL 32804

Corner Lot!

ARV: $775k+

$219,900+cc

7551 sqft corner lot (76 x 100) in College park. New construction is going for 240 per sqft in this pocket. Build a 3200 sqft home for around 350k + 219.9k for the lot and you are 572.9k into a home worth 768k. 3 of the 4 comps have smaller lots.

Comps:

  • 2909 Harrison ave – 4/3/2, 3123sf, Pending $749,900 (240 per sqft) 
  • 3119 Oberlin ave – 5/4/2, 3288 sf, Pending $784,990 (239 per sqft )
  • 2913 Harrison ave – 4/3/2, 3123sf, Sold $725,000 (232 per Sqft) 
  • 127 W. King st – 4/3/2, 3045sf, Sold $725,000 (238 per sqft) 

20 Properties in Florida

TWENTY PROPERTIES! YES YOU HEARD IT RIGHT! TWENTY NEW PROPERTIES AVAILABLE! These 20 properties in Florida are priced from $13,000 up to $46,000 and can be CHERRY PICKED!  You may have seen some of these in the past but the seller has reduced these prices to move them quickly. QC close, do your DD first and do not make offers until your DD is completed.

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Corner School Dr, Orlando, FL 32820

Beds: 4    Baths: 2.5    Sq. Ft: 2806

ARV: $340k-350k    Repairs: $30k-$40k

$245,000+cc 

Easy flip in East Orlando. This area is exploding, only 2 actives within a 1/2 mile radius (both over $125 per sqft), 6 of the 8 pending’s in that same radius went pending under 6 days on the market.   This home was built in 2003 so it’s mainly cosmetic. The house has a lot of carpet to replace and tile in wet areas. The tile downstairs is not in good shape so it could be replaced with carpet or new tile, needs painting inside out, bathroom showers are ok, so vanities, new lights and plumbing fixtures, new kitchen needed including appliances, landscaping includes new sod and trimming hedges.

Comps:

  • 18050 Thornhill grand cir – 4/3/2, 2437sqft, Pending $315,000 ($129 per sqft)  
  • 1712 Oak Grove Chase – 4/3/2, 2306 sqft, Sold $290,500 on 4/4/2018 ($126 per sqft) 
  • 1857 Oak Grove Chase Dr – 4/3/2, 2268 sqft, sold $310,500 on 12/6/2018 ($137 per sqft) 
  • 1964 Oak Grove Chase Dr – 5/3/2, 3018 sqft, Sold $340,000 3/30/2018 ($112 per sqft) 

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Fish Ct, Orlando, FL 32807

Beds: 2    Baths: 1    Sq. Ft: 896

ARV: $135k-$140k    Repairs: $1k

$105,900+cc

Nice spacious turn key1/2 duplex with nice open layout. Has an enclosed garaged turned into a 3rd bedroom with a/c outlet. Turn key property, in very nice condition, kitchen in great shape, bathroom as well. Very nice tile floors all through out unit. No work needed as tenants keep it very clean and up to date. A/C in good condition, as well as electrical and plumbing. Roof is a bit older but no leaks detected. Nice fenced back yard, no outside work needed. Tenant is paying $900 a month which is a little lower than market rent, but does do his own upkeep and would like to stay but their lease is up this month. With the 3rd bedroom, there’s definitely a nice potential for much higher returns and there’s already some nice equity.Great location, very quiet and clean area. Schools, shopping, major highways are very close by. Walking distance to Engelwood Elementary.

Comps :

  • 1498 Hendren Dr 2/2 b. 1985, 870 sq-ft clean but not updated. Sold 2/18 for $127k
  • 5961 Fish Ct 2/2 b.1981, 1,077 sq-ft, clean, no updates but has small pool, sold 12/17 for $140k
  • 1378 Hendren Dr 3/2 b. 1983, 1,091 sq-ft., clean, some updates, pending at $149,500

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