CASH ONLY! Beautiful quaint area! Casselberry Flip Available! - RESELL VALUE OF $210,000 - THIS PROPERTY IS A STEAL! A Smaller property sold (by 67 sq.ft.) upgraded, sold for $219,000 on 12/10/18-->661 KENTIA ROAD. A larger property (by 50 sq.ft.) NOT fully upgraded, sold for $200,000 on 11/2/18-->600 HIBISCUS ROAD. This property already has fantastic floors, baseboards in place, a granite countertop kitchen with upgraded cabinets, and really needs cosmetic work! Work Scope:
--UPDATE BATHROOM 1 - $1450
(tile shower--$500 with material/pre-fabricated vanity with fixtures--$300/medicine cabinet mirror and lights--$250/misc--$250/new toilet--$150 installed)
--UPDATE BATHROOM 2 - $950
(pre-fabricated vanity with fixtures--$300/medicine cabinet mirror and lights--$250/misc--$250/new toilet--$150 installed)
--PAINT EXTERIOR: $1200
--PAINT INTERIOR: $1000
--PAINT MATERIAL: $1000
--LANDSCAPE: $500
--DOORS/HANDLES/LIGHTS/FANS $1500
--ROOF (in fine shape, needs gutter cleaning and some fascia cleaning, touch ups and wash/bleach) $1500
--APPLIANCES $1500
--20% OVERHEAD OF ABOVE ($10600): $2120
--TOTAL REHAB PROJECTION: $12,720
$147,900 + $12,720 REHAB = $160,620 - Resell for $210,000, Net Income After Closing Costs (SINGLE SIDE COMM) = $198,000
$198,000 - $160,620 = $37,380 NET INCOME on $160,620 = 23%!! AMAZING RETURNS!
NO INSPECTION CONTINGENCIES, CLEAN AND CLEAR TITLE, AND 10-14 DAY CLOSE MAX. MUST CLOSE BY 1/26/19.