Cosmetic Hourglass District Flip

Cosmetic Hourglass District Flip

3 bed 2 bath 1535 sq ft Built in 1957 Single Family
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80
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
17/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Presenting a light flip located in Orlando's sought-after Hourglass District in SODO. This mid-century modern home, complete with breeze blocks, has 3 bedrooms and 2 full bathrooms, with over 1,500 square feet. It has been well cared for with a new roof in March of this year, electrical updates in 2005, and newer windows throughout.  

We recommend one bathroom remodel, a kitchen remodel, fresh interior and exterior paint, new flooring, and some light cosmetic updates, including new fixtures. 

The Hourglass District is becoming very popular with its easy access to downtown Orlando, popular restaurants, small shops, and coffee spots. Remodeled homes in the area are selling very quickly and are in high demand. 

With the summer market right around the corner, don't miss this opportunity. Contact your EquityPro Advisor today!

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We recommend flip
Rent Flip
Rental Income
$2,400 mo. / $28,800 yr.
Investor Price
$399,900
Closing Costs to Buy
$7,000
Rehab Projection
$1,500
Utilities
$500
Property Insurance
$1,400 / yr.
Estimated Taxes
$4,850 / yr.
Property Management
$2,880 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$19,170
Projected Income
4.69%
Estimated APY
After Repair Value
$515,000
Investor Price
$399,900
Closing Costs to Buy
$7,000
Rehab Projection
$31,350
Utilities
$500
Closing Costs to Sell
$20,800
$55,450
Projected Income
12.07%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

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