Lake Underhill/Dover Shores Flip

Lake Underhill/Dover Shores Flip

3 bed 2 bath 1480 sq ft Built in 1978 Single Family
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72
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
13/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

Located in the established Dover Cove community of East Orlando, this 3-bedroom, 2-bath single-family home offers approximately 1,480 sq. ft. of living space, concrete block construction, a two-car garage, and an enclosed rear porch. With a functional layout and an established residential setting, the property presents an opportunity for investors looking to reposition a dated home through a well-executed renovation.

The property will require a new roof and a comprehensive cosmetic overhaul to bring it up to modern 2026 standards. Our suggested renovation strategy includes updated flooring throughout, contemporary kitchen cabinetry and countertops, modernized bathrooms, new lighting and fixtures, fresh interior and exterior paint, and improved curb appeal. A cohesive, modern design with neutral finishes and thoughtful upgrades could help position the home competitively among renovated properties in the surrounding market.

Location is a key advantage, with convenient access to Curry Ford Road, Semoran Boulevard (SR 436), and SR 408, connecting residents to Downtown Orlando, Orlando International Airport, shopping, dining, and surrounding employment centers. The property's proximity to the Conway and Dover Shores areas further supports its appeal as a centrally located residential opportunity.

For investors seeking a fix-and-flip or long-term rental strategy, this property offers an opportunity to capitalize on its existing footprint, established neighborhood, and renovation potential. The focus should be on controlling improvement costs while delivering a finished product that aligns with today's buyer expectations in the East Orlando market.

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We recommend flip
Rental Income
$2,500 mo. / $30,000 yr.
Estimated Taxes
$6,500 / yr.
Maintenance
$100 / yr.
HOA Dues
$0 / yr.
$19,200
Projected Income
6.10%
Estimated APY
$61,950
Projected Income
16.83%
Estimated ROI

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