5401 Decatur Street Orlando, FL 32807 Available

5401 Decatur Street Orlando, FL 32807

Total SF: 1,407

Bedrooms: 3 | Bathrooms: 2.5
PPSF: $134.97
Year Built: 1984
A/C: Central
Construction: Masonite/Wood Panel

This off-market 3-bedroom, 2.5-bathroom 1/2 duplex is located on a corner lot, just steps from Lake Baldwin! Just check out the view! There is plenty of room inside with its 1,407 heated square feet. It also comes with a 2-car garage. The a/c is newer (5 years). The roof is approximately ten years old. Very little maintenance is required.

Perhaps its best feature is its first-class school zone: Baldwin Park Elementary, Glenridge Middle School, and Winter Park High School; all consistent A-rated schools. Homes are flying off the MLS shelves in this current seller’s market. Grab this one as a buy-and-hold for residual income where housing values will only appreciate OR turn it around for a quick profit. Families looking to relocate to a Winter Park school district are in high demand. This 1/2 duplex will have no problem being rented or sold!

It is currently being rented for $1,385/month. The lease expires on June 30th, 2021 and must be honored by the new buyer. Market rent in its current condition is $1,500/month. With some light updates, it can likely receive $1,600/month to the right tenant.

Here is what it will need to get maximum value:

Kitchen Remodel: +/-$7,700
New cabinets installed: $2,500-$3,500
New countertops: $1,500-$1,800
Stainless steel refrigerator and dishwasher: $800
Kitchen tile to match the rest: $1,800-$2,500 (installed)
Miscellaneous Reserves: $1,500
Total Cost: +/-$9,200

Financial Breakdown

Flip Strategy:

Purchase Price: $189,900

+ 2% Closing Costs: $3,800

+ Repairs: $9,200

Total Cost: $202,900

Sales Price: $230,000

– 5% Commissions: $11,750

– 2% Closing Costs: $4,700

Net Proceeds: $213,550

Net Profit: $10,650

Buy and hold Strategy

Purchase: $202,900

Income: $1,600/month, $19,200/year

– Taxes: $150/month, $1,800/year

– Insurance: $75/month, $900/year

– HOA: $25/month, $400/year

Net Income: $1,350/month, $16,200/year

Net Cap Rate: 8.00%

Available on 02.06.2021

Don’t let this excellent opportunity pass you by! Get it yours now!

DISCLAIMER: Florida Investor Deals does not own these properties nor does Florida Investor Deals hold itself out to represent the owners of these properties. These are not Florida investor deals listings. Values are strictly an opinion. Consult an appraiser for true values. Florida investor deals disclaims all liability for the actions or inactions taken or not taken as a result of communications from or to its officers, directors, and members. Florida investor deals does not hold direct contract with the owner of this property

The sale of these properties may be contingent upon a successful close by the Buyer under Contract with the Current Owner. Seller may not be the owner of record of the property at the applicable court jurisdiction; however, the Seller holds equitable interest in the property along with the owner of record and such interest is documented through an executed Purchase and Sale Agreement