Off-market deal with a sweet profit margin. This is a huge house on a whopping 2.2 acres offered at a big discount. The home is located in Christmas which is a 20-minute drive to Waterford Lakes and UCF. Homes this size and with this much land do not come around too often at this price point.
This is a decent-sized house so the rehab can vary wildly depending on what kind of materials you use. The property’s electrical and plumbing are in good shape. It will need an ac system and ducting installed and a new roof. You will also need siding and inside updates throughout. You only have one comparable that is similar in size, and we took a considerable amount of value off for the difference in style. This house could easily be worth more, but we wanted to play it safe.