click to enable zoom
Searching...
We didn't find any results
open map
View Roadmap Satellite Hybrid Terrain My location Fullscreen
Advanced search
Advanced search

$ 0 to $ 600,000

we found 0 results
Your search results

D.I.R House: Sought After 4 Bedroom Move In Ready Dunedin Home In A Quiet Neighborhood – 26.2% Annul ROI

Suggsted Offer $ 255,000
txt/email for details,
add to favorites
56

Property Description

Address: call/email for specifics

Investment Highlight 

Market Value  $309,000
Asking  $269,900
GAP  -$39,100
SDI’s suggested Offer  $255,000
Offer-Asking GAP ($)  -$14,900
Offer-Asking GAP (%) 6%
Offer-MarketValue Gap ($)  -$54,000
Offer-MarketValue Gap (%) 17%
Days on Market  96
Estimated (rough) repairs needed  $12,500

 

What we Do NOT Know YET about This House:

  1. A Simply Do It agent has NOT seen this house yet

What Do We Know About This House

  1. New roof installed in 2017.
  2. The Kitchen boasts new stainless-steel appliances, granite counter tops, and custom wood cabinets.
  3. The bathrooms feature new vanities, faucets, toilets, mirrors, and custom tiled walk-in shower & tub.
  4. $365 projected cashflow AFTER expenses and mortgage payments
  5. It should qualify for both cash and conventional financing.
  6. Sitting on the market for a ~95+ days
  7. Low crime area
  8. Based on FEMA’s map – is in a flood area – needs to be confirmed w/ an insurance agent.

Your Next Step

Want to understand the flow of buying a D.I.R property? See the flow chart here

Contact Simply Do It – meet@simplydoit.net

Agent’s Notes from Visit

  • N/A yet

What is a D.I.R – Diamond in The Rough – Investment Property?

Profit from Properties that Slip Through the Cracks

Some properties fall between the cracks – this one is an excellent and very rare example.

What does “between the cracks mean?

A retail buyer or an investor who uses a mortgage would NOT be able to purchase this house. This house will not be qualified by an appraiser, reason being – it needs some work in order to pass appraisal. This level of work, although is not something every buyer is willing to do, are you merely because of the cost associated.

House flippers may not see enough profit margin and will pass this one over.

This creates a great opportunity for a cash buyer who is willing to do some work on this house and make it livable.

As a buyer who has the ability to buy cash, you should see this “slipping through the cracks” as a great opportunity.

Personal note: I need to look at more than 300 houses to see one with all this upside potential.

D.I.R Fee: 2% with a minimum of $3,500 + regular Simply Do It fees applicable 

 

Notes from Listing (seller’s) Agent/Owner

House needs: N/A yet

Agent Notes

N/A yet

Photos Taken During SDI’s Agent Visit

N/A yet

FAQ

  • Who will do the work?
    Simply Do It’s vetted local team will handle the work
  • Is this a full/complicated rehab project?
    No. As much as we can tell it will require a painter, flooring, roofer, HVAC, misc. other items (handyman)
  • Do you have an inspection report?
    No. Buyer will need to hold an inspection once under contract
  • Can I buy remotely/sigh-un-seen?
    Yes. Simply Do It has vetted, trusted teams on the ground including property manager, Realtor, and lender.
  • Do you provide ANY guarantees?
    No. This is an investment and there are no guarantees. We will do our utmost to help any buyer as we have assisted in more than 4500 transactions nationwide for 16+ years.
Address: txt/email for details
Area:
State/county:
Zip: 34698
Country: United States
Open in Google maps
Property ID: 22407
Price: Suggsted Offer $ 255,000
Property size: 1 797 ft2
Property lot size: 7 405 ft2
Rooms: 8
Bedrooms: 4
Bathrooms: 2
Year Built: 1974
Garage: Attached
Garage Size: 2
External Construction: Block
Roofing: Composition Shingle
Rent (mo): 1900
ROI (ann): 26.2
Cashflow (mo): 365
Property Taxes (mo): 213
Insurance (mo): 115
Repairs (mo): 75
Management Fee (mo): 152
Leasing Fee (ann): 63.33
HOA (mo): 0
Vacancy Rate (ann): 4
back yard
fenced yard
walkscore14 / Car-Dependent more details here

Similar listings

Beautiful Ranch Style Home with a Spacious F...

Asking $ 130,000
Nice sized living room with new flooring, kitchen/dining combo, 3 bedrooms, 2 full bathrooms. 2 year old hvac, newe [more]
Nice sized living room with new flooring, kitchen/dining combo, 3 bedrooms, 2 full bathrooms. 2 year old hvac, newe [more]
32 1 178 ft2full info

Great Two Story Open Concept Home in a Conve...

Asking $ 189,000
This beautiful open concept features 3 bedrooms, 2 bathrooms with a bonus on the main level! Gorgeous counters in t [more]
This beautiful open concept features 3 bedrooms, 2 bathrooms with a bonus on the main level! Gorgeous counters in t [more]
32 1 654 ft2full info

Well Kept 3 Bedroom Residential Home on Larg...

Asking $ 210,000
The HVAC system is 1 year old. 2 Master bedrooms (1 downstairs and 1 upstairs).
The HVAC system is 1 year old. 2 Master bedrooms (1 downstairs and 1 upstairs).
43.5 1 882 ft2full info

3 Bedroom Four Side Brick Home on a Cul De S...

Asking $ 189,000
Needs some interior TLC to make it your personal castle. Priced to sell as-is. No Repairs. Foundation work done 201 [more]
Needs some interior TLC to make it your personal castle. Priced to sell as-is. No Repairs. Foundation work done 201 [more]
32 1 445 ft2full info

Leave a reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact me

Schedule a showing?

Compare listings