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Orange County · Orlando, FL 32839

GREAT FIX AND FLIP OR BUY AND HOLD IN 5251 Lake Jessamine Dr, Orlando, FL

$504,900
3
Beds
2
Baths
2,502
Sq ft
1960
Year built
$195K spread

About this property

Property Details

3 Bedrooms | 2 Bathrooms

2,502 SQFT Living Area

Lakefront Property

Detached Garage

Mid-Century Design

Roof Permitted & Installed in 2019

Rehab Details

Heavy Rehab / Full Renovation Needed

Interior Modernization Needed

Potential Floorplan Reconfiguration

Detached 2-Car Garage Could Potentially Be Converted to Additional Living Space

Roof Already Updated in 2019

Double Closing

Investment Highlights

Least Expensive Lakefront Home Currently Available in Orange County

Lowest-Priced Home Currently Available on Lake Jessamine

Multiple Lake Jessamine Properties Priced Between $1M-$3M

Several Remodeled Homes on the Lake Selling for Over $1M

Strong Fix-and-Flip Potential

Significant Value-Add Opportunity

Potential to Maximize Value Through Modernization and Floorplan Reconfiguration

Financial Snapshot

Cash Net Income: $143,088.50

Finance Net Income: $114,894.50

Cash ROI: 22.12%

Finance ROI: 49%

Purchase Terms

As-Is Sale

Cash or Hard Money

Seller selects escrow and title agent

Buyer covers all closing costs

Inspect before contracting

Property snapshot

Layout3 Bed / 2 Bath
Living area2,502 sq ft
Lot size1 sq ft
Year built1960
Property typeSF Home
CountyOrange County

Deal details

Asking price$504,900
ARV estimate$700,000
Spread (ARV − asking)$195,100
Brought to you by
M
Ms. Meriam Aberri
Miami Off-Market Deals
+1 (305) 762-9521office.royal.investments@gmail.com1 Alhambra Plaza, Penthouse Floor, Coral Gables, FL 33134

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The numbers

Asking
$505K
ARV est.
$700K
Spread
$195K
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M
Ms. Meriam
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