Mount Dora Flip

Mount Dora Flip

3 bed 2 bath 2031 sq ft Built in 1948 Single Family
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67
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
12/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
12/20
School Rating
F A
6/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Don't miss this outstanding value-add opportunity in one of Central Florida's most desirable and growing markets. This 3-bedroom, 2-bathroom single-family home offers 2,031 square feet of living space on a generous 0.32-acre corner lot, making it an excellent candidate for a fix-and-flip, long-term rental, or buy-and-hold investment. While situated across the street from Mount Dora High School, the property enjoys a convenient location with surprisingly light school traffic, making morning and afternoon commutes easy and hassle-free.

Offered at more than $100,000 below the county's current tax-appraised value of approximately $382,000 (land and improvements), this property presents a compelling opportunity for investors looking to capitalize on its strong upside potential.

One of the property's greatest advantages is the brand-new roof, installed just a few months ago, eliminating one of the largest capital expenditures for the next owner. Over the years, the home has also benefited from several permitted additions, including the conversion of the original carport into heated living space, the addition of a single-car garage, and most recently, an impressive 900-square-foot primary suite featuring an oversized ensuite bathroom.

While improvements have already been made, the home would benefit from a full cosmetic renovation to maximize value. Consider creating a modern open-concept floor plan, updating the kitchen and bathrooms, installing new flooring, fresh interior and exterior paint, contemporary lighting and fixtures, and enhancing the landscaping. The oversized backyard offers plenty of room to create an inviting outdoor living space that today's buyers will appreciate.

With its desirable location, spacious layout, large lot, recently installed roof, permitted addition, and tremendous value-add potential, this is an exceptional opportunity to transform a solid property into a standout asset in the highly sought-after Mount Dora market.

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We recommend flip
Rental Income
$2,600 mo. / $31,200 yr.
Estimated Taxes
$5,468 / yr.
Maintenance
$250 / yr.
HOA Dues
$0 / yr.
$20,862
Projected Income
6.61%
Estimated APY
$57,650
Projected Income
15.69%
Estimated ROI

Comps

 
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