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547 Division St, Daytona FL 32114

House Active With Contract
$100,000

BTC: 1.07364726

ETH: 29.52491460

8 days
3 bds
2 ba
1,101 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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% 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. This is a unique opportunity to become involved.

Location

Florida • Daytona • 32114 • House • Active With Contract

Facts and features

Type:
Residential
Parking:
Attached Carport / Covered / Driveway / Rv/Boat Parking
Year Built:
1929
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$91
Cooling:
Central Air / Electric / None
HOA:
No Data
All facts and features

  • Flooring

    • Other

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    • None

    Other interior features

    • First Floor Entry

    • No Additional Rooms

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Parking

    • Attached Carport

    • Covered

    • Driveway

    • Rv/Boat Parking

    Property

    • Exterior Features: None

    Other Property Information

    • Parcel Number: 533946050181

    • Zoning: Res

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • Annual tax amount: $1,077

  • Source details

    • MLS ID: A11609028

    Other facts

    • Construction Materials: Elevated Construction

    • Lot Features: Less Than 1/4 Acre Lot

    • Direction Faces: West

    • Architectural Style: Detached / One Story

    • Living Area: 1101

    • Water Source: Municipal Water

    • Subdivision Name: Daytona

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: One Key Realty