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Updated about 8 years ago on . Most recent reply

Great Cashflow Opportunity or Flip in Longwood.
Great opportunity in a Longwood, FL Seminole County. Wood frame house. A/C and roof are less than 5 years old. Septic was maintained within the 2 years. The home currently has month-to-month tenant. PLEASE DO NOT DISTURB RESIDENTS.
If flipping the home, you will need to update the kitchen, replace flooring, update bathrooms and new paint. Outside, you'll need to trim down the landscaping, possibly remove the tree that is too close to the property, and repair the damage that it has caused.
If renting the home, you'd most likely want replace flooring and paint inside. Outside you'll want to take care of the landscaping mentioned above.
Built: 1920
Sq/Ft: 1,653
Price: $85,000
ARV: $165,000 - $185,000
Rehab: $40,000-$50,000 for flip $25,000 for rental
Rental: $1,200 - $1,600 / month
We have an equity interest in this property and are selling the contract.