Property Description:
Presenting the least expensive property — by $60,000 — in the 32707 zip code of Casselberry. Over the last 225 days, only six mobile homes have either gone pending or sold. Note that there is no lot rent or HOA. The land comes with the purchase, and it’s on public sewer and public water. The mobile home is a 3/2, with 1,151 square feet, and built in 1979. The location is prime with Winter Park, Longwood, and Altamonte all close by.
As a buy-and-hold, once rehab is completed, start collecting a top-level return on investment that comes with over $40,000 in equity. Similar properties rent from $1,800 – $2,000 per month.
If flipping, there are two MLS comps providing a solid relist price point. Adjustments have been made for the square footage. We are being conservative in the after-repair value (ARV).
We recommend replacing the flooring, kitchen, bathrooms, and interior/exterior paint. See below for the detailed rehab projection.