547 Division St, Daytona, 32114

  • $100,000

Listing UP for Sale

Daytona

Overview

Property ID: A11609028
  • Property Type
  • Single Family Residence
  • 3
  • Bedrooms
  • 2
  • Bathrooms
  • 0
  • Garage
  • 1101
  • sqft
  • 1929
  • Year Built

Description

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.

  • Address 547 Division St
  • City Daytona
  • State/county Florida
  • Zip/Postal Code 32114
  • Area Volusia County

Details

Updated on July 26, 2024 at 12:15 pm
  • Property ID: A11609028
  • Price: $100,000
  • Property Size: 1101 sqft
  • Bedrooms: 3
  • Bathrooms: 2
  • Garage: 0
  • Year Built: 1929
  • Property Type: Single Family Residence
  • Property Status: Listing UP for Sale

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Michael Aversano
  • Michael Aversano