$45K profit or more--FLIP 4696 Silvera Ct Orlando FL

[Dennis Williams]

He guys,

I just figured out how to post this deal on BP...lol  I only have about 4 days to find an end buyer for this deal. I have provided more detail about the property below. More info, pictures, and video on the property in the link:

https://www.dropbox.com/sh/2921efy0eusy9d7/AAA1dNW0fpu3Gv80NNPVEUtPa?dl=0

Details:
ARV $269K
Asking: $167,000 + cc

EMD: $2,000
4b/3b 2,667sqft

This investment has a lot of potential for a great flip. The front part of the home is a 3b/2b. In the back you will find an attached 1b/1b rental or mother-in-law suite with its own private driveway. The homes surrounding this pocket are all newer built 2006-2014 and selling in the $350K-$400K range. Homes in this neighborhood with similar years built as our subject property(1971) are going for a premium. Very high demand! These homes in this neighborhood are going pending on an average in 30 days. It is in need of a moderate to heavy rehab with mostly cosmetic work needing to be taken care of. The location is just South of Orlando in a neighborhood that sits off of Holden Ave and Orange Ave. - Great Location! The home needs about $40K or less (depending on personal taste). The front will rent for $1,500 and the 1b/1b will rent for $500 to $600. Built in 1971 with no lead base paint evident. The area does not cause for fancy cabinets or granite. Here are a list of items to give attention to.

Rehab estimate:
--Replace or pressure wash roof (Replace $5,800)--may not need to replace. Choice is yours.
--Flooring in the 3/2 part of home ($4,000)
--Replace Kitchen and bathroom cabinets (est. $8,500) <--if you used granite and nice cabinets
----Basic cabinets and basic counter tops (est. $3,800)
--Master bedroom bath and closet layout ($7,000)
--Block and stucco two exterior doors ($1,500)
--Paint inside and out ($5,000)
--Service or replace A/C condensers (2x) ($4,000 total replace $600 to $800 service)
--Replace glass in a few windows ($1,000)
--Service or replace garage door ($1,000)
--Pressure wash sidewalk and driveways ($250)
--Repair sheet rock (minimal re-patch ceiling in 1b/1b) ($500)
--Remove bars from windows ($300)
-- Dump fee ($1000 based off two 30ft cans)----------Total Rehab on the HIGH END $39,850--------------------(Should budget $6,000 more for unknows)