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Updated over 9 years ago on . Most recent reply

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7
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Lourdes Del Rosario
  • Information Systems
  • San Jose, CA
0
Votes |
7
Posts

Orlando Duplex Rental

Lourdes Del Rosario
  • Information Systems
  • San Jose, CA
Posted

Hi Biggerpockets members! I've been reading the blogs the last 6 months and am now excited/scared to buy a rental property in Orlando Florida.
Here is the link:
http://www.zillow.com/homes/1206-S-Lee-Ave-Holden-Heights-Orlando-FL-32805_rb/
Please help me analyze if this is a good deal or not and whether it is a good area.
Purchase Price $105k
Downpayment 25%
Currently rented at $1300/month
Property Tax $74
Insurance $60
Management Fee $100
Repairs/Maint 65
Mortgage $410
I am seeing a monthly cash flow of about $200 but I am not sure about the area as I live out of state. Appreciate all your help!
Thank you,

Lourdes

Most Popular Reply

User Stats

833
Posts
499
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Andrew Davis
  • Investor
  • Asheville, NC
499
Votes |
833
Posts
Andrew Davis
  • Investor
  • Asheville, NC
Replied

Hi @Lourdes Del Rosario,

I second @Erin Legler.  Not only is that not a good area, it's one of the worst in Orlando.

I don't know that I would agree with @Brent Paul, Orlando is a really solid rental market with good appreciation potential, provided you buy in the right area.

To @Nathanial Dunne's point...

Run!  

If you need any pointers on good areas to look in feel free to reach out, I'm an active investor & agent right in Orlando.

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