175k Flip Spread in Kissimmee

Osceola County, Kissimmee, FL, 34746
Sold
Listed at: February 7th, 2024
Price
$379,900
ARV
$555,000
Gross Margin
$175,100
Sq. Footage
3005
Type
Single-Family
Parking
Attached Garage
Year build
2006
Lot size
0.20 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
1
Summary

Big flip spread here in Kissimmee. This is a newer build (2006) in a nice neighborhood. It's set up as a 3 bed/2.5 bath with a big upstairs loft. The loft could be easily made a big bedroom with adding a closet, or even two bedrooms considering its size (440sf), turning this into a 5 bed/2.5 bath. House was beat up by a former tenant and will need all cosmetics. I'm having a hard time finding any fully updated properties in the area other than one, which is pending at $675k. Most comps have original kitchens and original bathrooms so I could easily be $50k low on my ARV. Once fully updated, this house will show better than every comp and will be sure to sell in the mid $500s, possibly high $500s if done well. 

Comps:

3506 Somerset Cir - Pending at $675k; 3,037sf; 4/3.5; This is the most updated comp I can find and it's $675k!! My ARV could turn out to be low. 

2610 Captains Ct - Sold at $550k; 2,257 sf; 3/2; Pool; This is 750 sf smaller but had a pool. Would offset on an appraisal. Can't find interior pics but from the description it sounds like interior was original. 

3577 Somerset Cir - Sold $580k; 3,661sf; 4/4; New floors and paint, kitchens and baths are original

3515 Somerset Cir - Sold $539k; 2,724sf; 4/3; Some updates but all original kitchen and baths

-Call 407-890-7789 -Zenn Homebuyers, LLC, or an affiliate, has this property under contract and holds an equitable interest in this property. This advertisement is for the sale of this equitable interest and contract assignment. -Sold As-Is for Cash or Private Lender Only -$10,000 non-refundable deposit is due at the time of contract assignment or signing of contract with Zenn Homebuyers, LLC. -Properties are sold As-Is with NO inspection period; Inspections must be made prior to offer. -Buyer pays all closing costs for both buyer and seller sides of the transaction. -ALL information provided including costs, rehab estimate, rental rate/return projections, ARV, square footage, etc must be independently verified. ALL data is based on opinion and estimates of Zenn Homebuyers, LLC, actual figures may vary. Square footages are taken from public records. -Risk of Loss: Real estate investment is speculative in nature and there is a risk of loss. The recipient of this information should carefully consider whether such investing is suitable for them. -NON-REPRESENTATION: Owners, members, and or employees hold a real estate license in the State of Florida. Any and all information provided is done for strictly informational purposes.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Zach Mitchell

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