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33803, FL

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33803, FL

$215,000 · LAKELAND, FL 33803
Works for flippers · Landlords would lose money

Available

$215,000Asking price

3 bd · 1 ba · 1,300 sq ft · built 1920

LAKELAND, FL 33803

No contract on file

via InvestorLift Classic

1 view · listed Oct 2

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $440,000
Asking price: −$215,000
RepairsMiddle of our estimate, $0 – $10,500: −$5,250
Loan, holding, closing20% down, 12% interest, 2 points, 62 days: −$26,596
Profit43.9% of ARV · flippers want 10%+: $193,154
Works

Works for a flipper up to $355,000.

NEXKEY COLLECTIVE

NexKey Collective Deals - Kristie DeLouise

No reviews yet

Comps

Sales

Rents

ARV $440,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $235,000.

The sales behind this value are shown to members.

ARV $440,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

NEXKEY COLLECTIVE

NexKey Collective Deals - Kristie DeLouise

No reviews yet

Seller Description

Property Details:

Address: 1203 King Ave, Lakeland, FL 33803

Bed/Bath: 2 Bed / 1 Bath

Square Footage: 1,300 sqft

Year Built: 1920

HOA Restrictions: No HOA

Multi-Unit: No

Features + Amenities:

Furnished: No

Pool: No

Tenant Occupied: N/A

Monthly Rent: N/A

Est. Repairs:N/A

Financing Details:

Entry Fee (11.36%): $25,000 + CC + TC

Purchase Price: $220,000

Subto Terms

Mortgage Balance: $195,000

Rate: 3.5%

PITI: $1,705

Monthly Payments:

PITI: $1,705.00

Total Monthly: $1,705.00

Exit Scenarios:

Est. Average LTR: $1,866

Est. Average STR: $2,200

Additional Details:

Vacant
Good condition
Roof: 7-8 years old
Bath: new vanity and floor
HVAC less than 10 years old
Water heater is older
Shed in the back, fenced backyard
Kitchen countertop needs to be done
CONTACT:
For additional property details, walkthrough instructions, or to submit an offer, please contact:
Mike Graham
NexKey Collective
Phone: (917) 746-5159
BUYERS, PLEASE CONDUCT YOUR DUE DILLIGENCE