Downtown Orlando Rental with BIG Potential | EquityPro
81
10.79% Estimated APY
$59,900 Investor Price
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91 Ben Yonge
104 Bob Tosi
230 Brandon Jenkins
198 Cesar Sagastume
228 Chris Chuck
199 David Sheehan
105 Jason Bobbitt
211 Jeremy Howells
107 John Barber
203 Jonathan Rokh
196 Josh Black
208 Mike McKernan
218 Rene Droz
179 Rusty Longaberger
223 Ryan Akers
210 Shakira Thompson
227 Shaun Rourke

Downtown Orlando Rental with BIG Potential

3 bed / 1 bath1,010 sq ft Built in 1930Single Family
View Map West Orlando
1004 W South St, Orlando FL 32805
81
Occupancy Status
Low High
18/20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Here is your opportunity to get in on the downtown revitalization project of this area. This property is only 3 blocks from the new soccer stadium and sits on a high traffic corner lot of Westmoreland Dr. and South St.

The property features 3 bedrooms, 1 bathroom and a brand new roof. It is currently tenant occupied with rental income of $700 per month which is below market value of $800. The tenants would like to stay and rent rate could be brought to current market rate.

Income properties sold (green dots) in the area are going for as high as $95/square foot and vacant lots are available (blue dots) from $35,000 to as high as $90.000. This is a great opportunity so call your EquityPro Advisor today.

We recommend rent
Rental Income
$800 mo. / $9,600 yr.
Investor Price
$59,900
Closing Costs to Buy
$2,500
Rehab Projection
$600
Property Insurance
$900 / yr.
Estimated Taxes
$500 / yr.
Property Management
$900 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$6,800
Projected Income
10.79%
Estimated APY
After Repair Value
$75,000
Investor Price
$59,900
Closing Costs to Buy
$2,500
Rehab Projection
$6,350
Closing Costs to Sell
$2,500
Listing Agent Commission
$2,250
$1,500
Total Projected Profit
2.04%
Estimated ROI

Comps

Listed
Pending
Sold
501 S Lee Ave, Orlando, FL 32805 $131,059
1,380 sq ft Sold 03/13/17
419 S Lee Ave, Orlando, FL 32805 $129,900
1,624 sq ft Sold 01/18/17
1016 W South St, ORLANDO FL 32805 $35,000
747 W Anderson St, ORLANDO FL 32805 $76,500
1008 W Anderson St, ORLANDO FL 32805 $90,000
Flip Rehab Details
Grounds
Trash removal
$800.00
Clean up of yard with dumpster rental
Exterior
Other
$500.00
siding repair
Exterior doors
$300.00
2 doors
Interior
Interior paint
$1,500.00
Closet/Interior doors
$300.00
3 doors
Kitchen cabinets
$1,200.00
Kitchen countertops
$750.00
Kitchen appliances
$1,000.00
Rent Rehab Details
Exterior
Other
$300.00
Reattach small amount of siding
Interior
Closet/Interior doors
$300.00
2 doors to bedrooms