Algoma St., Deltona, FL 32725

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Incredible opportunity in the great neighborhood of Deltona Lakes! Either flip this property with $30k in repairs (breakdown below) and sell at the ARV of $175k, or keep it as a great buy and hold deal, as current market rent is at least $1200/mo. The home has a metal roof and a newer AC so that should save a bit.

Deltona Lakes

Assignable

Est. Rehab: $30,000 (breakdown below)

• Kitchen: $9k
• Bathrooms: $4k
• Flooring and Paint: $8k
• Windows and Doors: $2k
• Plumbing/Electric: $2k
• Landscaping: $2k
• Misc: $3k

Est. ARV: $175,000

Est. Monthly Rent: $1,200

Recent Area Sales / Activity:

• 518 Apollo Ave: 3/2, 1494sf, not updated, sold in just over a month for $185k
• 458 Leland: 3/2, 1468sf, updated, sold in 8 days for $189,900
• 318 Alexander Ave – 3/2, 1509sf, updated, sold in 17 days for $210k
• 481 Alexander Ave – 3/2, 1784sf, not updated, sold in 3 days for $195k

Recent Area Rental Comps:

• 488 Ripley Ct – 3/2, 1161sf, not updated very basic, rented for $1400/mo
• 526 Richmond Ave – 3/2, 1827sf, built in 2006 but not updated, rented for $1450/mo
• 560 Providence Blvd – 3/2, 1336sf, very dated, rented for $1195/mo