175k Flip Spread in Kissimmee

Description

Big flip spread here in Kissimmee. This is a newer build (2006) in a nice neighborhood. It’s set up as a 3 bed/2.5 bath with a big upstairs loft. The loft could be easily made a big bedroom with adding a closet, or even two bedrooms considering its size (440sf), turning this into a 5 bed/2.5 bath. House was beat up by a former tenant and will need all cosmetics. I’m having a hard time finding any fully updated properties in the area other than one, which is pending at $675k. Most comps have original kitchens and original bathrooms so I could easily be $50k low on my ARV. Once fully updated, this house will show better than every comp and will be sure to sell in the mid $500s, possibly high $500s if done well. 

Comps:

3506 Somerset Cir – Pending at $675k; 3,037sf; 4/3.5; This is the most updated comp I can find and it’s $675k!! My ARV could turn out to be low. 

2610 Captains Ct – Sold at $550k; 2,257 sf; 3/2; Pool; This is 750 sf smaller but had a pool. Would offset on an appraisal. Can’t find interior pics but from the description it sounds like interior was original. 

3577 Somerset Cir – Sold $580k; 3,661sf; 4/4; New floors and paint, kitchens and baths are original

3515 Somerset Cir – Sold $539k; 2,724sf; 4/3; Some updates but all original kitchen and baths