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Easy flip in East Orlando. This area is exploding, only 2 actives within a 1/2 mile radius (both over $125 per sqft), 6 of the 8 pending’s in that same radius went pending under 6 days on the market. This home was built in 2003 so it’s mainly cosmetic. The house has a lot of carpet to replace and tile in wet areas. The tile downstairs is not in good shape so it could be replaced with carpet or new tile, needs painting inside out, bathroom showers are ok, so vanities, new lights and plumbing fixtures, new kitchen needed including appliances, landscaping includes new sod and trimming hedges.
Estimated repairs
Kitchen/Appliances $7,500.00
Bathroom vanities $1,500.00
Flooring $7,000.00
Paint $5,500.00
Sod/Landscaping $1,500.00
Electrical/Lights/fans $1,500.00
Plumbing/Fixtures $1,500.00
Misc $5,000.00
Roof $7000.00
Estimated Repairs $38,000.00
ARV $340,000.00 – $350,000
Purchase Price $(245,000.00)
Repairs $(38,000.00)
Closing Cost (Buy Side) $(4,000.00)
Closing Cost (sell Side) $(12,250.00)
Estimated Profit $40,750.00 – $50,750
- Address: Corner School Drive, Orlando, Florida 32820
- Price: NOW $245,000
- Availability: Sold
- Bedrooms: 4
- Bathrooms: 2.5
- Garage/Carport: 2
- Total Square Feet: 2806
- Construction Type: Block
- Year Built: 2003
- Comparable 1: 18050 Thornhill grand cir - 4/3/2, 2437sqft, Pending $315,000 ($129 per sqft)
- Comparable 2: 1712 Oak Grove Chase - 4/3/2, 2306 sqft, Sold $290,500 on 4/4/2018 ($126 per sqft)
- Comparable 3: 1857 Oak Grove Chase Dr - 4/3/2, 2268 sqft, sold $310,500 on 12/6/2018 ($137 per sqft)
- Comparable 4: 1964 Oak Grove Chase Dr - 5/3/2, 3018 sqft, Sold $340,000 3/30/2018 ($112 per sqft)
