College Park Block Flip Dowd Ave., Orlando FL 32804
This is the cheapest block 3 bedroom property in the 32804 zip code by over $80,000. The property is in pretty good condition already as well. Basically, you will need cosmetic updates, like kitchen and bath plus paint and flooring. You will also need to do some landscaping and the roof is 50/50. All told, you should be able to get out of this property for right around 35,000 or so.
As far as comparables go, it’s actually pretty difficult surprisingly. There are multiple comps that aren’t rehabbed, there are multiple comps that are much larger or newer, but their are not many that are rehabbed and similar in size. Based on the fact that you have houses that are not rehabbed, selling in the 270 and up range, that are similar in size, we really feel that 310 is a fair a ARV. Although, we could be over or under +/- $20k. Please look at comps on your own as well to support your ARV.