Kissimmee Flip or Cash-Flow for 79k Mary Frances Dr. Kissimmee, FL. 34741
This is a 2/2 920 SQFT manufactured home on a 1/3 acre corner lot. You will be purchasing both the home and the lot. This deal makes for a good flip or a cash-flow.
For a flip this property is going to need a full rehab. Obviously if used as a rental you could get it done for a bit less. Also, it would be a nice bonus if you could make this a 3/2. It’s not imperative because it comps out just fine as a 2/2. However, if its possible it would add some solid value.
As a renovated 2/2 the ARV is around $120k and as a 3/2 its about $130k. Market rent is between $1,150-$1,250/month. Don’t let the fact that this is a manufactured home deter you, all of the comps are manufactured homes and they are selling quickly. Kissimmee deals in this price range are hard to find.