The market has been moving to quick too write up to much about my DOW on the best properties. So all I can send out nowadays is a quick blurb on the best ones I come across. If interested contact me ASAP for additional information and pictures if available.
Link to the Deals of the Week - 02-Res Customer Synopsis
First up, Three in the Suburbs:
10065 Oak Quarry Dr @ 220K asking price is definitely the #1 deal of the week! Go in with a strong offer and quickly because this one is not going to last. This HUGE 5/4 3157 Square foot home with tile roof and quality construction also has no rear neighbors backing to a pond with fountain. Right in the Lake Nona “Medical City” area these properties have great potential as real growth happens in the area. For now rents only support a 3.8-4.8% all cash return but with lots of appreciation potential at this price point on this level of home! A Short sale so prepare to wait for the banks approval, but WHAT A DEAL. Contact me immediately about this one.
12210 Upstream Ct @130K asking in The Waterford Lakes Area of East Orlando. Just about move in condition, great fenced in yard, very well maintained. Just a bit outdated cabinets in good condition for rental, should be re-faced for re-sale. Offering a 5-6% All cash return. Financing is available for this single family home offering positive leverage to raise cash on cash returns to 7-9%. Pictures Available
14222 Sonco Ave @160K asking in Windermere. This3/2 townhome offers the uniqueness of an additional rental apartment above the garage making the property a total of 4 bedrooms and 3 baths with second kitchen in the rental apartment. Property is rare in the neighborhood so rent comps aren’t available, but other 3/2’s rent for $1200-$1300, and the previous owner rented the separate apartment for 600-800. Estimated total rental income at 1500-1700/mo Cash returns of 5-6.5%. Financing possible for cash on cash returns up to 6%-10.5%. Pictures available.
Now to Downtown Gems:
The Vue Unit 6S-11 @129,900 these studio lake side units always sell quickly and rent VERY quickly at 1100-1200/mo. For those that don’t know of or haven’t toured the VUE with me before, this is one of the top 2 premier high rise condos in downtown. Call for more information. Cash returns of 4-5% currently, financing is also available (rare for condos) for 3-6.2% possible returns.
Lowball Specials:
1409 Minnesota St @250K Asking is likely overpriced for this single family home in downtown Orlando. But offers amazing potential with huge 2000+ sq ft, and additional lot to expand. No HOA to pay for this property. @ 230K however the cash returns on 1950-$2000/mo rent estimated at 5-5.25% financing is of course available to increase returns, with possible under-estimated rent
101 Eola #808 @ 146K Asking price, currently in line with what these units sell for from the developer “as new”. Meaning This property as a short sale should go for a good discount. A larger true 1 bedroom condo in downtown Orlando’s High end Thornton Park District, this unit should sell closer to 125K-130K. Cash returns between 4-5% and FINANCING IS AVAILABLE in this building.
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