Brownwood Ct., Land O Lakes FL 34639

Bed: 4    Bath: 2    SqFt: 2200

ARV: $285k     Repairs: $50k

$175,000+cc

Large 4/2/2 in a great area.  This one will need to be fully rehabbed but the numbers work and the comps are strong.  Centrally located near parks, shopping and highways. Property does have a code filed on the property appraiser’s site that says “LKPGLP1” which is a stabilized sinkhole.  Apparently this is common in Pasco county and houses sell with this code all the time.  We have been told that there are no cracks or anything showing concern.   The one Pending for 489.9 (3331 Parkway) has this same code, it’s in the same subdivision.  We sold one in New Port Richey earlier this year with the same code.  They are really common in Pasco. House will need a new kitchen, baths, flooring and roof as a minimum.  AC, electrical and plumbing should be tested.  I think with a nice rehab it could go for 280 so a rehab of 50K would be doable.  House has a lot of potential and would make a great flip.    You have multiple comps that justify the value.

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Oleander Pl, Titusville, FL 32780

Bed: 3    Bath: 2    SqFt: 1120

ARV: $150k     Repairs: $2k-$3k     Rent: $950/mo

$109,900+cc

Another block Brevard rental in Titusville. This 3 bedroom and 2 bathroom with single car garage is located in the clean neighborhood of Pine Lane Estate, we’re estimating the after repair value between $140,000 – $150,000. Rental market ranges from $950 – $1200. The home is in need of some light renovations to make it rent ready. Roof was replaced in 2017. Recommended strategy is for long term buy and hold. Real estate median price within this subdivision is $162,703 so expect Brevard increase by years end.

 

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Lake Dr NW, Winter Haven, FL 33881

Bed: 3    Bath: 1    SqFt: 916

ARV: $120k     Repairs: $25k

$56,000+cc

Winter Haven Flip with Lake View.  Property is going to need the front and back decks torn off and replaced.  Inside is pretty clean, but for a flip you will want to redo the bath, kitchen, floors and paint.  This is so cheap that it would make a great flip or rental.  This is a no brainer. We will be starting probate today so may take 30 to 60 days to close.

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S. Julia Ave, Deland, FL 32720

Bed: 3   Bath: 2.5    SqFt: 1512

ARV: $165k     Repairs: $35k     Rent: $1350/mo

$91,900+cc

Attention Deland flippers, now is the time to jump on this deal.  This property is the cheapest available single-family home in all of 32720 based on price per square foot, and the second cheapest price per square foot available SFH anywhere in Deland.  This is also the cheapest available traditional sales price of any single-family home in 32720 over 1000 square feet, and the only available traditional sale over 1000 square feet under 100k.  In the last 6 months, 284 single-family homes have sold in 32720.  Of those, only 9 have closed traditionally at a lower price per square foot than this offering.  Only 10 homes over 1000 square feet have closed at a lower sales price in 32720 in the last 6 months as well out of 259 sales.  Property sits on a well-kept street close to Downtown Deland.  This property boasts a very nice square footage for this area.  With smaller, dated homes selling quickly for over $30k higher than this property, it doesn’t take long to realize the value being offered here. Needs: updated kitchen, SS appliance package, update bathrooms, electrical update, add closet for 3rd bedroom or make it in-law suite as it has private door to outside, update flooring, interior paint, minor exterior paint touch up. Act quickly on this one!

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MARTIN ST, LAKE HAMILTON, FL 33851

Bed: 6    Bath: 3    SqFt: 2336

ARV: $150k     Repairs: $40k-$45k     Rent: $2100/mo

$94,900+cc

Take a look at one of the least expensive multi-family properties available in Central Florida. The property has concrete block construction and is made up of (3) 2 bedroom, 1 bathroom units that are approximately 776 square feet in size. The property has been neglected and will need a solid rehab inside and out to get this diamond in the rough back to cash flow status. Once cleaned up, each unit should rent for an estimated $700 per month.

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Pavilion Ter, Deltona, FL 32738

Bed: 5    Bath: 3    SqFt: 1988

ARV: $215k     Repairs: $40k     Rent: $1600/mo

$134,900+cc

When was the last time you saw a price per square foot under $70 in Deltona?  This property marks the cheapest price per square foot of any available single-family home, and the only home currently available under $70 per square foot in ALL of Deltona.  This property is also the cheapest available 5 bedroom house in Deltona currently by over $55k.  To sweeten the pot, 985 single family homes have sold in Deltona in the last 6 months.  Of those, this will be the only home to sell traditionally in 32738 under $70 per square, and one of only 2 to do so in all of Deltona.  This property could be flipped, or fixed and rented for a nice return while home prices continue to skyrocket.  Property will need new roof, update some flooring, update kitchen, appliance package, update bathrooms, interior paint, exterior paint, minor screen repair, landscaping clean-up, repair washing machine plumbing leak, minor drywall repair

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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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