Address: 547 Division Street, Daytona Beach, FL 32114
Description
Investor Alert! Consider this fix and flip or fix and hold opportunity, yielding 2,490/month as per HUD (Section 8) for a single family residence. 3 bedroom, 2 bathroom house presents an excellent rehab prospect. Offered at 93.81/sq ft, the property's estimated ARV post renovation stands at 200,000. 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. A single family home in Daytona Beach offers a 10 cap rate with a sales price of only 100. You have the option to fix and hold or fix and flip, potentially realizing an immediate equity of 85.
Investor Alert! Consider this fix and flip or fix and hold opportunity, yielding 2,490/month as per HUD (Section 8) for a single family residence. 3 bedroom, 2 bathroom house presents an excellent rehab prospect. Offered at 93.81/sq ft, the property's estimated ARV post renovation stands at 200,000. 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. A single family home in Daytona Beach offers a 10 cap rate with a sales price of only 100. You have the option to fix and hold or fix and flip, potentially realizing an immediate equity of 85.
Features
Building and Construction
Flooring: Other
Roof: Shingle
Garage and Parking
Parking Features: Attached Carport, Carport
Eco-Communities
Water Source: Public
Utilities
Cooling: None
Heating: Central, Electric, None
Road Frontage Type: City Street
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Finance and Tax Information
Tax Year: 2023
Other Features
Appliances: None
Legal Description: S 25 FT OF LOT 18 & INC N 15 FT OF LOT 10 & N 23 FT OF LOT 11 BLK 5 SUB LOTS 4 & 5 BLK 27 DAYTONA MB 15 PG 133 PER OR 4922 PGS 2225-2226 PER OR 5549 PG 4421 PER OR 5609 PG 4051 PER OR 7777 PG 4793 PER OR 8265 PGS 0341-0402 INC PER OR 8308 PG 0229
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