642 Kenwick Cir #203, Casselberry, FL 32707

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Here is a partially renovated condo in Casselberry’s Oxford Square. New A/C, bathrooms have been updated (vanities just need paint), 14mm laminate flooring is there for the main areas, and paint for the entire condo.

As a rental you need to install the flooring and paint, add appliances in the kitchen, and carpet in the bedrooms. Similar units rent for $1,100.

For a flip, you will need to do the above rehab, plus a kitchen update.  Two units have sold in the last six monts for $90k. They were updated, but not flips. There is another one that is updated and pending for $125.8k. This was the nicest of the three units. If you err on the side of caution, you can put the ARV at $115k.  That puts this one at 78% of ARV.

Oxford Square, Monthly HOA: $235

Est. Rental Rehab: $5,000 or less

Est. Flip Rehab: $7500-$10000

Est. Monthly Rent: $1,100

Est. ARV: $115,000