Real Estate Investor · Winter Park, FL · Member since 2009 · 94 posts · 124 votes
Calling all landlords...This 2 / 1.5 Townhome has had some fire damage but when you're all in at $55k and getting rents of $975/month (about a 13% return), it's still a smart investment! Plus demo has already been done.
Rents in the Lyme Bay Colony subdivision in Orlando are currently at $950 for the same layout (for NON-updated units).
2 Beds
1.5 Baths
1164 sf
2 stories
HOA $240
Rehab estimate (due to fire damage) $20k
Located just southwest of downtown Orlando
Whether you're an experienced investor or a beginner with heart, I don't think you can go wrong with this one.
The 1st floor offers a walk-in pantry off the kitchen and a private, fenced-in patio that will become your tenant's oasis. On the 2nd floor, you'll find a large master, private balcony, and a washer/dryer room in the unit. The common grounds include a tennis court, pool, a clubhouse and more.
Sale price is just $35k
After Repair Value is $75k
Contact me immediately (call/text/email). It will be held for the first to submit a non-refundable $1000 deposit.