2005 Built Poinciana Buy & Hold or Flip Superior Way Poinciana, FL. 34759
Property Detail
Type
Single Family Home, **SOLD** Status
Flip, **SOLD**, Cash Flow Location
Florida
Sub Location
Poinciana
Price
$164,900
Sq. Ft.1,916Bedrooms3Bathrooms2ARV$200,000+Rent/mo$1,250 - $1,300Rehab$10,000+/-Garage2 CarPoolnoTaxes/yr$2,063.44Lot Size (Acres)0.2447ConstructionStuccoWaterfrontnoYear2005SubdivisionPoinciana DevelopedHOA Fees/mo$23.50
Property Description
This is a 2005 built buy & hold or flip opportunity in the hot market of poinciana.
For the buy and hold approach, simply rent it for one year then sell it and increase your gross equity by an additional 10k. Additionally, given the recent trend in value in the last couple of years in this area, ARV will seem to increase by at least 5%. This will in turn increase your gross equity by almost a full year’s worth of rent to make a 9% Gross ROI and a 40k equity.
Fora a quick flip, this only needs minor repairs including repairing exterior front facia, new appliances, new carpet, interior paint and general cleaning. Similar renovated single family homes in this area have recently sold at an average of $104/SQFT.
