547 Division St Daytona, FL 32114
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.
- Property TypeSingle Family Home
- NeighborhoodDaytona
- CountyVolusia
- Taxes$1,077
- HOA/Condo/Coop Fees$0
- Days on Site58 Days
- MLS StatusPending
- MLS ID NumberA11609028
- Home Size Source Owner
- Year Built1929
- Lot Size0 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style DetachedOne Story
- Parking Attached CarportCoveredDrivewayRv/ Boat Parking
- Sewer Public Sewer
- Property Sub Type Single Family Residence
- Garage Spaces 0
- Zoning Res
- Direction Faces West
Interior Features
- Cooling Central AirElectricNone
- Heating CentralElectric
- Flooring Other
- Furnished? Unfurnished
- Interior First Floor EntryNo Additional Rooms
Exterior Features
- Roof Other
- View Garden
- Spa No
- Waterfront Property No
- Exterior None
- Lot Less Than 1/4 Acre Lot
Community Features
- Pets Yes
- Community Features SidewalksStreet Lights
- MLS Area Daytona