Lake Como Lipstick Flip

Lake Como Lipstick Flip

3 bed 1 bath 1264 sq ft Built in 1947 Single Family
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78
Quality of Comparables
Low High
17 /20
Level of Rehab
Heavy Light
15/20
Location of Neighborhood
Far Close
17/20
Quality of Floor Plan
Choppy Flowing
14/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

Presenting a Lake Como cosmetic flip – rare oversized lot with ADU potential. Minutes from Downtown Orlando, this 3-bedroom, 1-bathroom, block home sits on a massive 0.33-acre lot with no HOA — a rare find in the Lake Como neighborhood. The property features a carport plus a separate block, one-car garage, perfectly positioned to be converted into an income-producing ADU or guest suite. 

  • Prime Location: Walkable to Lake Como Park, top-rated schools, and just a short drive to Thornton Park, Milk District, and downtown nightlife.
  • Value-Add Opportunity: Light-to-moderate cosmetic updates will maximize equity.
  • Expansion Potential: Large lot offers flexibility for future additions or outdoor living upgrades.
  • Investor-Friendly: No HOA restrictions, strong rental demand, and ADU conversion potential create multiple exit strategies.

Renovations are expected to be straightforward since the major systems are already updated: roof (2024), AC (2025), plumbing, windows, and electrical panel. See our recommended rehab plan below.

This is a true lipstick flip with layered upside, ideal for a quick turnaround resale or a long-term hold with dual rental income streams.

 

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We recommend flip
Rental Income
$3,400 mo. / $40,800 yr.
Estimated Taxes
$3,000 / yr.
Maintenance
$300 / yr.
HOA Dues
$0 / yr.
$31,332
Projected Income
8.04%
Estimated APY
$68,150
Projected Income
15.08%
Estimated ROI

Comps

 
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