“As-Is” Value = $127,540
“AFTER-REPAIR” VALUE = $166,713
Estimated Repairs = $27,330
DISCOUNT WHOLESALE PRICE =$123,000
Investors, if you’re in the market for a great Fix and Rent investment property, take a look at this 2 bedroom, 2 bath townhome. This property needs updating and will be ready to produce a great return on your investment. It’s located in Mayfair Meadows, an affordable community in Sanford, FL and would easily rent for $1200/month.
Recommended Repairs
This property needs a Mid -Level renovation which should take no more than 60 days to complete. The renovations include: Roof replacement, Interior and Exterior paint, and Appliances. You may want to replace the windows but its not mandatory. The kitchen and bathrooms need to be renovated. Lastly, replace the flooring and rescreen the enclosed patio and you’re done. Renovated properties in this community are taking an average of 39 days to go under contract and are selling for $156.24 per Sq./Ft.
Rental Potential
The property should easily rent for $1200/month and even after deducting Vacancy (5%), Management (10%), Maintenance Reserve (5%), Taxes and Insurance, and HOA dues ($89/mth), the ROI is still over 6%.The ROI will of course be much higher if you manage your own rentals.
Recent Comparables
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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.