🏠☀️ Exclusive Townhouse | Daytona Beach, FL | Explore Inside! 👁️➡️

Description

Address: 175 Yorktowne Dr, Daytona Beach #15, FL 32119

This 2 bedroom / 2 bathroom property makes sense for any investor, even in today’s changing real estate market. A potential turn-key property for rental owners, retail sellers, and flippers!

The property is Occupied by the seller. Contact Dispo Manager for viewing options. Please do not disturb the seller.

30 day lease back for the seller after closing!

Deal Takeaways:

Property in very good condition!

Built in 1987

Only cosmetic work needed, no large ticket repair items

Low time on Market for potential flippers

Large Equity in the Deal

Financials:

ARV: $160,000

Purchase Price: $93,500

Estimated Profit Details:

$160,000 ARV

(*) 94% for sale commissions

(-) $93,500 purchase price

(-) $26,000 estimated rehab budget

(-) $5,000 closing / holding cost

(=) $25,900 profit

Estimated Rental Profit Details:

$1,750 monthly market rent

(-) $22 monthly tax

(-) $120 monthly insurance

(-) $175 property management

(-) $175 allocation for repairs, vacancy, etc

(-) $340 HOA fee

(=) $940 net monthly cash flow

Property Details:

2 Beds / 2 Baths

1987 Year Build

1,056 Home Square Feet