Easy Lake Front Flip w/ $40k Profit

Seminole County, Casselberry, FL, 32707
Sold
Listed at: October 11th, 2022
Price
$255,000
ARV
$325,000
Gross Margin
$70,000
Sq. Footage
1508
Type
Townhouse
Parking
Garage
Year build
1989
Lot size
acres
Bedrooms
3
Bathrooms
2.5
Half Bathrooms
0
Summary

Investment Opportunity

Fix & Flip
Retail Value            325,000
Purchase Price      250,000
Closing & Rehab     25,000
Carry & Sale             12,000
Est. Profit               $38,000

Rental
Purchase Price      250,000
Closing & Rehab     10,000
Rent 2,000 x 12        24,000
Tax & Insurance         3,000   
Est. ROI             8% w/ 25k Equity

Property Details

Rehab Level: Light - Moderate
Construction: Siding / Slab
Electrical Panel: Good Condition
Air Conditioner: Fair Condition
Water Heater: Good Condition
Roof: 2005
Occupancy: Vacant at closing

Key Features

-Terrific Location
-Community Pool
-Access to Lake Triplet
-Community Boat Ramp
-Community Boat Storage Area
-Block on slab construction


Comparables

872 Bay Lake Ct - Pending - $299,900 - Not Renovated
125 Northshore Cir - Sold - 4/22 - $280,000 - Not Renovated
816 Westshore Ct - Sold - 3/22 - $285,000 - Not Renovated


*Do not disturb occupants or walk on property. Trespassing is a criminal offense.
***DO NOT re-market this property under any circumstance without consent. Tru REI LLC is a principle in all assets that we market for sale and will vigorously defend our position in a court of law.*** All information and estimates are provided as a courtesy and should be confirmed by the Buyer. Tru REI and its associates are not liable for the accuracy of the information.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Brittaney Perez

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