REDUCED!
Price WAS $257,500
New Price: $247,000!
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Great flip opportunity in Oak Forest. Updated homes in the area are selling fast and this home should sell for 350k-360k after repairs. Giving the location is in a better area then the comps, 360k should be obtainable with a nice rehab. The repairs are interior updating, roof looks to have some life on it (last replaced in 2001), A/C is old, and exterior needs paint, yard clean up, pool looks good. Repair range 40k-45k.
Repair estimate
Flooring $7,000.00
Painting $6,000.00
Bathrooms $6,000.00
Kitchen/appliances $8,000.00
A/C $4,000.00
Electrical/fixtures $2,500.00
Plumbing/fixtures $2,500.00
Yard $1,000.00
Demo/dumpster $1,000.00
Misc $5,000.00
Total repair estimate $43,000.00
ARV $359,900.00
Purchase $(247,00.00)
Repairs $(43,000.00)
Closing cost buy side $(4,000.00)
Closing cost/RE comm sell side $(17,500.00)
Estimated profit $48,400
- Address: Turkey Hollow Cir, Winter Springs, FL 32708, USA
- Price: NOW $247,000
- Availability: Sold
- Listing Type: Single Family
- Bedrooms: 4
- Bathrooms: 2
- Garage/Carport: 2
- Total Square Feet: 1974
- Construction Type: Block
- Year Built: 1984
- Comparable 1: 677 N. Endevour dr (Has busy Tuscawilla rd in back yard) - 4/2/2, 2073sqft, pool, sold $355,000, ADOM 2, $171.25 per sqft
- Comparable 2: 1011 Forest cir - 4/2/2, 1928sqft, pool, sold $349,900, ADOM 7, $181.48 per sqft
- Comparable 3: 638 Cheoy Lee cir - 4/2/2, 2066sqft, sold $345,000, ADOM 5, $166.99 per sqft
- Comparable 4: 1175 Baltic ln - 4/2/2, No Pool, 2067 sqft, PNC $350,000