Daytona Beach Condo Under Assesed Value

Daytona Beach Condo Under Assesed Value

1 bed 1 bath 630 sq ft Built in 1986 Condominium
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72
Quality of Comparables
Low High
18 /20
Level of Rehab
Heavy Light
8/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
9/10
Property Details

Located in the red-hot market of Daytona Beach is this 1-bedroom, 1-bathroom condo. For starters, this is the lowest-priced condo in this community in the last three years. It is also priced almost 30k below the county-assessed value, offering immediate equity. This is a rare investment opportunity.

In order to maximize returns, we recommend updates to the flooring, kitchen, and bathroom. Strong comparables support our after-repair value (ARV) of $127,000, and similar-sized units are rented for over $1,300 per month. This makes it an appealing asset for both new and seasoned investors looking for a quick flip or a solid rental with equity. Don't miss out on this opportunity. Contact your EquityPro Advisor today.

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We recommend flip
Rental Income
$1,350 mo. / $16,200 yr.
Estimated Taxes
$1,375 / yr.
Maintenance
$500 / yr.
HOA Dues
$4,620 / yr.
$7,335
Projected Income
8.04%
Estimated APY
$21,535
Projected Income
20.42%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

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