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Archived about 4 years ago

$224,900

3 bd 2 ba 1709 sqft

2131 Hainlin Ct, Deltona, FL 32738

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$1

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

LAKEFRONT BLOCK HOME FLIP UNDER 225K

Purchase Price: $224,900
After Repair Value: $340,000
Estimated Flip Rehab: $50,000
Net Income: $35,641
Gross Return: 12%

Bedrooms 3
Bathrooms 2
Built: 1980
SQFT: 1,709
PPSF: $132.76
Tax/Yr: $3,725
HOA: N/A

Located on Dupont Lake is where you're next amazing Investment deal is. This Waterfront Block Home sits on a huge 0.56 Acre lot, features a 1 car garage, tile floors throughout, and a 10 year old roof. There is an enclosed porch in the rear of the home next to the kitchen that reflects on tax records as living square footage, which can be seen in the link, it has a closet and plenty of windows, it is just missing a duct for AC since the seller is just using window units in that room. As a Flip, a light to moderate rehab is necessary, and with similar fully renovated homes selling upwards of $374k, there is plenty of room for the Savvy Investor to profit. This Waterfront Home, at this price will easily sell once completed, it is very difficult to find this kind of deal under 300k, do not miss out on this opportunity.

For comps and appointments/more info, please contact:
Liana Rodriguez - Real Estate Investment Advisor
Dynasty Investment Realty
Call/Text: (863) 307-2794
[email protected]

Location:

2131 Hainlin Ct, Deltona, FL 32738

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.