$175,000 · DELAND, FL 32724
Works for flippers

Available

$175,000Asking price

3 bd · 1 ba · 1,336 sq ft · built 1915

DELAND, FL 32724

No contract on file

via InvestorLift Classic

Listed Oct 27

Works for flippers

The Numbers

Sells for (ARV)From the listing: $375,000
Asking price: −$175,000
RepairsMiddle of the seller’s $40,000 – $80,000. Ours: $35,000 – $63,500: −$60,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$23,166
Profit31.2% of ARV · flippers want 10%+: $116,834
Works

Works for a flipper up to $249,000.

PRIME PARTNER REALTY

Will Spilt

No reviews yet

Comps

ARV $375,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $135,000.

The sales behind this value are shown to members.

ARV $375,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

PRIME PARTNER REALTY

Will Spilt

No reviews yet

Seller Description

Deland FL SFR with multiple investor exits. Overview:

Investors, don’t miss this versatile opportunity! This 3-bedroom, 1-bath property on over half an acre offers the flexibility to renovate and build equity or hold as a rental for long-term cash flow. Whether you’re looking for your next value-add project or expanding your rental portfolio, this property gives you multiple exit strategies in one opportunity.

Value-add or buy-and-hold — you decide.

Investment Breakdown:

FLIP: full rehabARV: $375,000Purchase Price: $175000Rehab: $80,000All in: $255,000Gross Profit $120k

FLIP: lipstickARV: $294,000 /Purchase Price: $175000 / Rehab: $40,000 / All in: $215,000 /Gross Profit $79k

RENTAL:Purchase Price: $175,000 / Rehab: $25,000 / Gross Equity: $75,000 / $2,000/mo Market Rent -$73/mo Tax-$75/mo Insurance - $1,852 Monthly Cash Flow x 12 = $22,224 Yr Cash Flow$200,000 Investment = 11.11% Cash on Cash Return

Property Address: 497 Lake Mamie Rd, DeLand, FL 32724

Asking Price: $175,000

Property Details:

Type: SFR

Specs: 3 bed / 1 bath

Size: 1,336 sqft on 0.54 acres

Year Built: 1915

PHOTOS Occupancy:OWNER OCCUPIED CURRENTLY - VACANT AT CLOSEClose of Escrow:On or Before 01/25/2027Transaction Type:AS-IS PURCHASE - $10,000 EMD with Hankin & PackPREFERRED LENDER

Big Ticket Items:ROOF— 2012HVAC — 2012HWH — 2012UTILITIES — SEPTIC AND CITYFOUNDATION — CRAWLSPACE Comparable Sales Breakdown:

AS IS:• 25 Poinsettia Dr, DeLand, FL 32724– Sold @: $175,000– Listing: HERE LIPSTICK SOLD:• 1609 Pine Ave, DeLand, FL 32724– Sold @: $294,900– Listing: HERE

HIGH END UPGRADES SOLD:• 1160 W Rich Ave, Deland, FL 32720– Sold @: $375,000– Listing: HERE

RENTAL:• 440 Berwick Cir, DeLand, FL 32724– RENT @: $1,999– Listing: HERE

Next Steps:

Contact Will Spilt 984-371-1965 Send Text if you need more information
Schedule a property walkthrough
Make an offer directly on this page

DisclaimersIMPORTANT: Buyer is responsible for conducting their own due diligence. This is an as-is opportunity. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material.

Time-sensitive opportunity - this contract is being offered to multiple investors