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.

Listing courtesy of Michael Aversano of One Key Realty



Listing information is provided by Participants of the Daytona Beach Area Association of REALTORS MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Daytona Beach Area Association of REALTORS MLS.
Last checked: 2025-10-25 05:20 PM UTC