Flip near Florida Mall | EquityPro
77
15.66% Estimated ROI
$118,000 Investor Price
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Flip near Florida Mall

3 bed / 2 bath2,304 sq ft Built in 1954Single Family
View Map Prosper Colony
8305 SUN DR, ORLANDO, FL 32809
77
Quality of Comparables
Low High
16/20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This Orlando Flip is a 3/2 Block home that sits on a huge double lot. The interior of the home is in pretty rough shape but this one has the potential to be a really fun flip. It has ability to have a very open concept, with french doors and large windows throughout. This home is larger than most in the area, so the comparable properties are smaller. But rehabbed homes in the area are selling at around $95 per square foot. We've taken our properties size into account and priced our ARV at more conservative $85 s/ft.

Orlando Flips are selling very quickly these days. With such low inventory in the area, don't miss out on these hard to find opportunities!

We recommend flip
Rental Income
$0 mo. / $0 yr.
Investor Price
$118,000
Closing Costs to Buy
$3,500
Rehab Projection
$0
Utilities
$250
Property Insurance
$1,200 / yr.
Estimated Taxes
$1,624 / yr.
$-2,824
Projected Income
-2.32%
Estimated APY
After Repair Value
$195,000
Investor Price
$118,000
Closing Costs to Buy
$3,500
Rehab Projection
$40,500
Utilities
$250
Closing Costs to Sell
$2,000
Listing Agent Commission
$4,350
$26,400
Total Projected Profit
15.66%
Estimated ROI

Comps

Listed
Pending
Sold
2317 MORNING GLORY DR, ORLANDO, FL 32809 $153,000
3 bed / 2 bath 1,604 sq ft Sold 06/29/16
8416 DOT LN, ORLANDO, FL 32809 $130,000
3 bed / 2 bath 1,477 sq ft Sold 07/15/16
Flip Rehab Details
Grounds
Trash removal
$500.00
Dumpster Rental
Lawn/Mulch beds
$2,000.00
Tree Trimming
$1,500.00
Exterior
Exterior Paint
$2,000.00
Roof
$5,000.00
Systems
Inside Air Handler
$2,000.00
Outside Air Condensor
$3,000.00
Electrical
$2,000.00
Currently works, but will most likely need some updating
Plumbing
$2,000.00
Will Probably need some updating
Septic System
$5,000.00
Interior
Interior paint
$2,000.00
Drywall preparation
$500.00
Tile flooring
$4,500.00
Carpet
$1,000.00
Kitchen cabinets
$2,500.00
Kitchen countertops
$2,000.00
Bathroom vanity
$1,000.00
2 bathrooms
Bathroom countertops
$500.00
2 bathrooms
Other
$1,500.00
Appliances