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SINGLE_FAMILY - Ranch - Daytona Beach, FL
Investor Alert! Consider this fix-and-flip or fix-and-hold opportunity, yielding 2,490/month as per HUD (Section 8) for a single-family residence. 3-bedroom, 2-bathroom house presents an excellent rehab prospect. Offered at 93.81/sq ft, the property's estimated ARV post-renovation stands at 200,000. 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. A single-family home in Daytona Beach offers a 10 cap rate with a sales price of only 100. You have the option to fix and hold or fix and flip, potentially realizing an immediate equity of 85.
Copyright © 2025 Daytona Beach Area Association of Realtors. All rig...
Copyright © 2025 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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