Clean Deltona Rental with Equity Treadway Dr. Deltona, FL. 32738
This is a clean 1995 built block 4/2/2 in Deltona perfect for an investor looking to add to their rental portfolio. The margins are tight but there is a chance this could also be used as a quick fix and flip.
The property is currently rented with the tenants paying $1,000/month. They have been there 4 years and have never had a rent increase. Current rental comps show that this should be renting for about $1,500/month.
The kitchen and bath were remodeled 6 years ago and the roof, water heater and AC are each 9 years old. The flooring is ceramic tile throughout except the bedrooms which have wood laminate. The plumbing was redone about 10 years ago.
This could be a potential flip since most of the sales comps do not look like they have top of the line rehabs. You could possibly do a moderate rehab and flip this for about $155/SQFT. Either as a flip or rental this is a solid investment.