Conway Area Flip | EquityPro
85
21.92% Estimated ROI
$174,500 Investor Price
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223 Ryan Akers
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227 Shaun Rourke

Conway Area Flip

3 bed / 2 bath1,433 sq ft Built in 1962Single Family
View Map EDMUNDS SHIRE
4311 Derbyshire Ln, Orlando, Fl 32812
85
Quality of Comparables
Low High
18/20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
20/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
8/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Here's a slam-dunk Conway area flip. This property has 3 bedrooms, 2 baths with 1433 square feet. Concrete block home with tons of potential. To gain full market value, the property will need some cosmetic updating. The kitchen was recently remodeled and is in great shape. The home also needs a new drain field which has been professionally quoted at $4225. The property is located near Conway Road and is within walking distance to Conway Plaza which has a Publix and other shops and restaurants. Orlando flips don't last long so please contact your Equitypro Advisor to secure this deal.

We recommend flip
Rental Income
$1,400 mo. / $16,800 yr.
Investor Price
$174,500
Closing Costs to Buy
$3,000
Rehab Projection
$9,825
Utilities
$500
Property Insurance
$1,000 / yr.
Estimated Taxes
$2,399 / yr.
Property Management
$1,680 / yr.
Maintenance
$300 / yr.
HOA Dues
$0 / yr.
$11,421
Projected Income
6.08%
Estimated APY
After Repair Value
$260,000
Investor Price
$174,500
Closing Costs to Buy
$3,000
Rehab Projection
$24,450
Utilities
$500
Closing Costs to Sell
$3,000
Listing Agent Commission
$7,800
$46,750
Total Projected Profit
21.92%
Estimated ROI

Comps

Listed
Pending
Sold
4851 CEDAR BAY ST, ORLANDO, FL 32812 $255,000
3 bed / 2 bath 1,492 sq ft Sold 05/05/17
1406 MONTCLAIR RD, ORLANDO, FL 32812 $245,000
3 bed / 2 bath 1,346 sq ft Sold 01/19/17
Flip Rehab Details
Grounds
Lawn/Mulch beds
$1,500.00
Exterior
Exterior Paint
$1,500.00
Windows / Screens
$1,500.00
Replace older windows on back porch.
Exterior doors
$250.00
Systems
Septic System
$4,300.00
Needs new Drain Field, Quote from A-1 Septic is $4,225
Interior
Interior paint
$1,750.00
Carpet
$1,500.00
Laminate flooring
$3,500.00
Kitchen countertops
$2,500.00
Kitchen appliances
$1,800.00
Bathroom vanity
$2,000.00
Window coverings
$600.00
Closet/Interior doors
$1,000.00
Light fixtures/Outlets
$750.00
Rent Rehab Details
Grounds
Lawn/Mulch beds
$300.00
Systems
Septic System
$4,225.00
Needs new Drain Field, Quote from A-1 Septic is $4,225
Interior
Vinyl flooring
$2,000.00
Carpet
$1,000.00
Interior paint
$2,000.00
Closet/Interior doors
$300.00