DeLand, FL: 3/1 Half-Acre Value-Add or Cash Flow

Deland FL SFR with multiple investor exits. Overview:

This 3-bedroom, 1-bath property on over half an acre offers the flexibility to renovate and build equity or hold as a rental for long-term cash flow. Whether you're looking for your next value-add project or expanding your rental portfolio, this property gives you multiple exit strategies in one opportunity.

Value-add or buy-and-hold - you decide.

Investment Breakdown

• FLIP: full rehabARV: $375,000Purchase Price: $185,000Rehab: $80,000All in: $255,000Gross Profit $120k
• FLIP: lipstickARV: $294,000 /Purchase Price: $185,000 / Rehab: $40,000 / All in: $215,000 /Gross Profit $79k
• RENTAL:Purchase Price: $185,000 / Rehab: $25,000 / Gross Equity: $75,000 / $2,000/mo Market Rent -$73/mo Tax-$75/mo Insurance - $1,852 Monthly Cash Flow x 12 = $22,224 Yr Cash Flow$200,000 Investment = 11.11% Cash on Cash Return
• Property Address: 497 Lake Mamie Rd, DeLand, FL 32724

Property Details

• Type: SFR
• Specs: 3 bed / 1 bath
• Size: 1,336 sqft on 0.54 acres
• Year Built: 1915
• PHOTOS Occupancy:OWNER OCCUPIED CURRENTLY - VACANT AT CLOSEClose of Escrow:On or Before 01/25/2027Transaction Type:AS-IS PURCHASE - $10,000 EMD with Hankin & Pack PREFERRED LENDER
• Big Ticket Items:ROOF- 2012HVAC - 2012HWH - 2012UTILITIES - SEPTIC AND CITYFOUNDATION - CRAWLSPACE Comparable Sales Breakdown:
• AS IS:• 25 Poinsettia Dr, DeLand, FL 32724 - Sold @: $185,000- Listing: HERE LIPSTICK SOLD:• 1609 Pine Ave, DeLand, FL 32724 - Sold @: $294,900- Listing: HERE
• HIGH END UPGRADES SOLD:• 1160 W Rich Ave, Deland, FL 32720 - Sold @: $375,000- Listing: HERE
• RENTAL:• 440 Berwick Cir, DeLand, FL 32724 - RENT @: $1,999- Listing: HERE

Next Steps

This is an as-is opportunity. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material.

• Time-sensitive opportunity - this contract is being offered to multiple investors