$100,000 ($90.83 per sqft)

Pending

Est. Mortgage $526/mo *

Quick Pre-Approval

547 Division St, Out of Area, FL, 32114

547 Division St, Out of Area, FL, 32114

3 beds

2 Full baths

1929

Detached, One Story

1,101 sqft

Investor Alert! Consider this fix-and-flip or fix-and-hold opportunity, yielding $2,052/month as per HUD (Section 8) for a single-family residence. With Section 8, expect a 15% annual increase in rental income. A three-bedroom, two-bathroom house in Daytona Beach presents an excellent rehab prospect. Offered at $93.81/sq ft, the property's estimated ARV post-renovation stands at $225,000. It requires a new roof (see attached estimate) and has an encroachment issue (see attached survey). Estimated repairs are $40,000, with a total investment of $140,000, leading to $85,000 of instant equity. Terms are cash only, and the encroachment will remain. Anticipate a 10% cap rate on your investment or opt for refinancing and cash out. This is a unique opportunity to become involved.


Status:

Pending

Type:

Single-family residential

Furnished Remarks:

Unfurnished

Zoning:

Res

Subdivision:

Daytona

Garage:

Attached Carport, Covered, Driveway, RV Access/Parking

Heating:

Central, Electric

Cooling:

Central Air, Electric, None

Est. Taxes:

$1,077

Utilities

Cable Available

Lot Description:

< 1/4 Acre

View Description:

Garden

Days on Market:

8

Pet Allowed:

Yes

Pet Policy:

No Pet Restrictions, Yes

Appliances:

None

Pool:

None

MLS #:

A11609028


Community Info

School Info



Listing courtesy of One Key Realty Phone: 305-525-8947