Cheap Orlando Condo!
2/2 Turnkey Deal

Crushes 1% Rule, Low HOA ($197/mo)

Buy: $128,000
Rent: $1,700

Call or Text Us: 321-384-5006

Key Features:

• 2 beds, 2 bath
• HOA fee: $197/mo
• Minimum Lease Period: 8-12 Months
• Flood Zone Code:x
• Has a Fireplace
• Pool
• A/C: Central Air, Heat/Fuel: Central

Click Here For Pictures

Property Details

A turnkey and ready-to-rent 2-bedroom, 1.5-bathroom condo in a Hot Area in Orlando.

It is in an ideal location 30 minutes from major attractions like Sea World, Disney, and Universal Studios, making it an excellent investment opportunity. The community offers a clubhouse, pool, and sidewalks, with low HOA fees of $197/month.

The property features central air, heating, a fireplace, and is pet-friendly. Situated in a low flood-risk area, it’s a solid choice for attracting tenants.

The property currently generates $1,700 per month in rental income, with a minimum lease term of 8-12 Months.

Pictures: https://drive.google.com/drive/folders/1BpvMA40z3Uv4LrssjiSG4HtJdaozdEQ9?usp=sharing

Investor Analysis

This home presents an appealing investment opportunity, combining immediate rental income with significant potential for future appreciation. 

Pros:

1. Turnkey Property: Ready for immediate rental income.
2. High Market Rent: $1,700/month, providing strong rental income.
3. Low HOA Fees: $197/month.
4. Exceeds 1% Rule: Indicates strong rental potential.
5. Minimal Flood Risk: Located in Flood Zone X.
6. Great Location: Close to Millenia Mall and major Orlando attractions like Sea World, Disney, and Universal.
7. Community Amenities: Clubhouse, pool, sidewalks.
8. Pets Allowed: Attracts a broader range of tenants.
   
   

Investment Strategies:

1. 1. Long-Term Rental: Leverage the high rental demand and proximity to attractions for steady rental income.
   2. Short-Term Rental: Capitalize on the location near major attractions for higher rental income
   3. Hold and Appreciate: Benefit from potential property value appreciation in a growing area.

Conclusion: This property presents a compelling investment opportunity with a strong cash flow, high cash on cash return, and a solid cap rate. The property's proximity to major attractions and low HOA fees further enhance its appeal. The property meets and exceeds the 1% rule, indicating robust rental potential and a favorable investment.

Rent Comps

1. 1948 Lake Atriums Cir UNIT 127, Orlando, FL 32839
3/2 Condo    1,158sqft 
Rent: 1.9K /mo

2. 1932 Lake Atriums Cir APT 80, Orlando, FL 32839
3/2  Condo   1,158 sqft
Rent: 1.9K/mo

3. 5226 Via Hacienda Cir #A214, Orlando, FL 32839
2/2  Condo    1073sqft 
Rent: 1.7K/mo

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DISCLAIMER:

• All offers are Cash or Private Lender Only.
• Deposits for all properties are non-refundable.
• Properties are sold AS-IS with NO inspection period; Please inspect first.
• Buyer pays all closing costs for buyer and sellers.
• Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 
• Citywide Investments, LLC is not a licensed contractor or appraiser.
• Taxes, Insurance, and Closing Cost are estimates. Actual cost may vary.
• Seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.