SFR BUY & HOLD DEAL WITH EQUITY

About this property

PURCHASE PRICE: $316,000 Net to Seller ARV $450,000 + Depending on Scope of Work PROPERTY TYPE: Single Family Residential ROOMS: 5 BD / 3.5 BA SQFT: 2,352 LOT: 7,636 SqFt YEAR BUILT: 1996 TERMS: Cash or Hard Money · 5K non-refundable EMD · 10 Day COE CALL FOR ACCESS: Seller occupied, showings by appointment DETAILS: Two story 1996 build in the Southchase corridor of 32837, one of the more consistent resale pockets in south Orange County. Five bedrooms, three and a half baths, tile throughout the main level, carpet upstairs. Granite kitchen with an existing water stain on the ceiling that should be scoped. Screened pool enclosure is intact but the pool has been out of service and needs full restoration. Deck pavers are cracked and settling in sections, screen frame shows staining at the base, and the side fence is down. Upstairs carpet, both secondary baths, and the primary vanity are original and dated. HOA community. Seller is staying in place on a 24 month leaseback at 2,500 monthly with 36,000 in prepaid rent paid to the buyer at closing. This is a hold play, not a flip. Buyer collects rent for 24 months against a 450K exit and takes the renovation on at the back end. COMPARABLE SALES: 12553 Beacontree Way · Sold 480,000 12966 Broakfield Cir · Sold 460,000 12514 Fingest Ct · Sold 450,000 12648 Enclave Dr · Sold 445,000 1416 Aguacate Ct · Sold 445,000 12638 Beltingle Ct · Sold 395,000

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