“As-Is” Value = $92,000
“AFTER-REPAIR” VALUE = $140,000+
Estimated Repairs = $20,000
DISCOUNT WHOLESALE PRICE =$87,000
YOUR POTENTIAL PROFIT = $18,000
If you’re in the market for a QUICK Fix & Flip or Fix & Rent investment property, take a look at this 3 bedroom, 1 bath single family-home located in Academy Manor, a family friendly community in Sanford, FL.
Recommended Repairs
This property needs a Mid-Level renovation which should only take 30-45 days to complete. Renovations include roof repair, flooring, exterior painting and Landscaping. The kitchen and bathroom need to replaced, and you’re done. Once completed, a Quick Flip would easily generate ($18,000+) in profit. Renovated properties in this community are taking an average of 10 days to go under contract and are selling for at an average of $160,667.
Rental Potential
If you are looking for a 9%+ ROI, then this may be the property for you. This property would rent for $1100/month and even after deducting Vacancy (5%), Management (10%), Maintenance Reserve (5%), Taxes and Insurance, the CAP rate is still over 9%.
Recent Comparables (Clickable Links)
- 227 YALE DR, SANFORD, FL 32771 – (Basic renovations but sold in 12 days)
- 111 ROLLINS ST, SANFORD, FL 32771 – (Basic Renovations but sold in 5 days)
- 125 YALE DR, SANFORD, FL 32771 – (Mediocre Renovations but sold in 14 days)
- 2711 W AIRPORT BLVD, SANFORD, FL 32771 – (Not Renovated and sold for $135,000)
Call Jack for access information and make your offer ASAP! This property will sell quickly!
Terms
This property is available via our “Assignment Program”. We have entered into a purchase contract with the current owner to buy the property. We will sell our equitable interest in this contract to a third party via assignment for a fee. A local, reputable title company and/or attorney will be enlisted to handle the closing and transfer of title.”
All properties are sold for cash or hard money on a “First Come, First Served basis”. Buyers responsibility to do your own due diligence and verify all information. Prices are NET to seller with buyer paying all closing costs, including any Agent/Broker commissions. Opinions of value/rents are given as a courtesy and no guarantees are expressed or implied. A minimum of $5,000 deposit and fully executed assignment agreement required to secure the property. Our properties move fast so contact us quickly if you have an interest in purchasing this property.