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