Derbyshire Rd., Maitland, FL 32757

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Check out this clean 3 bedroom 2 bathroom Maitland flip. Insurance is adding a brand new roof. Updated plumbing.  Needs cosmetics and new windows for top value. The comp at 841 W Forest Brook is closing in 10 days at $295k, according to the listing Realtor, and it is 256 SF smaller, but has a pool. After a nice rehab, we are estimating this project to retail in the mid $290k’s. Take a look at the comps and numbers below.

English Estates, Unit 2

Assignable

Recent Area Sales / Activity:

• 841 W FOREST BROOK RD – Selling at $295k with pool (realtor told me, closes in 10days). 1444sqft, adjusting down $15k for pool and $12/sqft for size brings us to $181.9/sqft for the subject property or $309k ARV
• 2350 Hunterfield – Sold $315k, nice and clean but partially outdated, no pool, adjust $30/sqft for size, and $5/sqft for new rehab puts the subject ARV at $289k
• 812 WOODSIDE RD – Sold $305k, 26sqft smaller with pool, adjust $15k down for pool, puts subject at $290k

Repair Estimate:

• Kitchen – $9000
• Baths – $5000
• Flooring – $6800
• Paint – $2000 (outside is brick)
• Roof – $0 Will be brand new from insurance claim
• Plumbing – $1000
• Electrical – $2000 (Update panel)
• Windows – $5000
• AC – $4000
• Landscaping – $500
• Msc – $2500

Total Repair Estimate: $37,800

ARV Estimate: $292k with upside potential after 841 W Forest Brook closes

Financials Estimate:

• Sale Price: $292k
• 2% CC
• 4% sales commission
• $38k rehab
• $207k Purchase Price
• $1000 front side CC

Profit Estimate: $28,480