Orlando – Fresh Renovation in Ocoee Area $164,900

We present a newly renovated home off Winter Garden road in the Ocoee area of Orlando. This property is close to the 408 expressway, MetroWest, West Oaks Mall shopping, great schools, and more. It’s rare to find anything that’s had a full cosmetic update at or near Orlando’s median home price of $160,000.

Investor Nation’s partner network has performed many improvements to include: new tile floors in all the main areas, new laminate wood floors in the bedrooms, new cabinets, granite counter-tops, stainless appliances, fixtures, new interior and exterior paint, and much more. Another big plus this home has a great layout with 4 beds / 2 baths. In fact in the vicinity the next available 4 bed / 2 bath is priced at $195,000.

The details:

  • This home will be listed on 4/21/2014 for: $164,900
  • List will be $93 PSF.
  • 4 bed / 2 bath / 2 car garage
  • 1985 Construction
  • 1766 SF
  • Fenced yard
  • HVAC is 2001
  • Roof is ~10 years old
  • Screened lanai
  • 2012 taxes were $1349 (but were homesteaded) Estimate for an investor is $1949
  • Insurance estimate $1000
  • Rent range: $1250-1325
  • No HOA
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The results:

Cash flow after PITI and Property Management expense (using $1275 rent): ~$170

Estimated 1 year appreciation using 4.5% = $7425*

*Orlando is estimated to have 10%+ appreciation in 2014 (sources: Local Market Monitor and Zillow)

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