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547 Division Street, Daytona Beach, FL 32114
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$100,000
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Home Details for 547 Division Street
Price
$100,000
Type
Single Family
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Year Build
1929
Sq. Ft.
1066
Lot Size
0.11
County
Volusia
Total Rooms
2
Tax
$1,077
MLS®️ Listing#
1201964
On exitrealty.com
388 days
Property Description
Investor Alert! Consider this fix-and-flip or fix-and-hold opportunity, yielding 2,052/month as per HUD (Section 8) for a single-family residence. With Section 8, expect a 15 percent annual increase in rental income. A three-bedroom, two-bathroom house in Daytona Beach presents an excellent rehab prospect. Offered at 93.81/sq ft, the property's estimated ARV post-renovation stands at 225,000. 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.
- Utilities
- Natural Gas Available
- Electricity Available
- Natural Gas Connected
- Sewer Available
- Sewer Connected
- Water Available
- Water Connected
- Heating Information
- None
- Central
- Electric
- Parking
- Attached Carport
- Carport
- Cooling Information
- None
- Water Features
- Public
Listing Courtesy: One Key Realty - 305-525-8947. Presented by: Michael Aversano
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.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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EXIT REAL ESTATE PROPERTY SOLUTIONS
3132 S Ridgewood Ave, South Daytona, FL 32119
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$100,000
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EXIT REAL ESTATE PROPERTY SOLUTIONS
3132 S Ridgewood Ave, South Daytona, FL 32119