Tune Ave., Deltona, FL 32738

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TENANT OCCUPIED, DO NOT DISTURB – CALL NOW FOR MORE INFO AND TO SCHEDULE A SHOWING

If cash flow and lots of equity is what you’re looking for, this is a perfect deal for you. This 2002 built block Deltona Lakes property has upgraded flooring all throughout the house and is already occupied by a tenant, so no work needed to become rent-ready. The tenants are leased through April 2020 paying $800/month, while current market rent is around $1200/month. There is a possibility that they will be willing to terminate the lease early if they are compensated accordingly. 

The current value of the home as-is is right around $160k, Again, if you can negotiate with the tenant and have them terminate their lease, you could potentially just throw this property back on the market once you own it and make $20k+ in profit for doing absolutely nothing! 

A more creative option might be to Owner Finance the property to the tenants as they had shown interest in this with the previous owner. 

As for a flip, you’re looking at about $20-$25k in repairs. It was built in 2002 and has very nice upgraded tile throughout the home, so you’ll only need to renovate the kitchen and bathrooms and replace the roof to reach the current ARV of about $185-189k.

If you’re looking for a true buy and hold deal, then take in the monthly cash flow from the tenants and sell the property in 2020 after some fantastic appreciation has occurred.

Either way you look at it you’ve got a great investment deal way under market value with solid return, profit, and appreciation.

TENANT OCCUPIED, DO NOT DISTURB – CALL NOW FOR MORE INFO AND TO SCHEDULE A SHOWING

Deltona Lakes, No HOA

Est. Rehab: $20,000

Est. ARV: $185,000

Current Rent: $800

Market Rent: $1,200