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🔥 2R 1 CBS in Winter Haven | 💼 Buy & Hold | 💯 Private Money ONLY 2k EMD– No Underwriting!

2 Beds / 1 Baths • 744 SqFt

Sold

Offer Submission Deadline

House Type Single Family House
Bedrooms 2
Bathrooms 1
Year Built 1945
Approx.SqFt. 744
Lot size SqFt. 5663
Garage No Garage

Description

This property presents a compelling investment opportunity at the current asking price of $99,990. Its location offers views of Lake Maude and proximity to Lake Maude Nature Park, enhancing its appeal for potential tenants or future resale.

Key Features:

Year Built:1945

Lot Size:5,663 sq ft

View:Garden and lake views

Proximity:Close to Lake Maude Nature Park

Investment Potential:

Fix-and-Flip:Renovate and resell in a market where similar homes have sold for higher prices.

Rental Income:Estimated rent of $1,319/month post-renovation.

Long-Term Appreciation:Benefit from the area's growth and development.

This property offers a strategic entry point for investors seeking to capitalize on the Winter Haven real estate market.

Comparable Properties

1.1215 6th St NE, Winter Haven, FL 33881

List Price: $175,000
Size: 833 sq ft

2. 324 Avenue P NE

Estimated Value: $123,400
Size: 768 sq ft
Details: 2 beds, 1 bath; off-market property

Next Steps

Contact us if you need more information
Make an offer directly on this page
Submit proof of funds

🔁 Flip ROI

Total Investment (with rehab + closing): ~$128,000

Selling Costs (closing + commissions): ~$14,850

Net Profit: ~$22,150

🔹 ROI on Flip: ~17.3%

🏠 Rental ROI

Monthly Rent Estimate: ~$1,373

Annual Net Income (after expenses): ~$10,008

🔹 ROI on Rent: ~7.8%

🔥 Why It’s a Good Investment

✅ Low Barrier to Entry

You’re securing a property with only $2,000 down. Typically, investors have to put 10–20% down—here you’re putting in a fraction.

✅ Control Over a $99K Asset

Despite the small down payment, you control the property’s appreciation and income potential from day one.

✅ Refinance Quickly to Lower Costs

After 3 months, switching to a DSCR loan at 8% significantly drops your monthly payments from $990 to **$660**—freeing up $330/month in cash flow.

✅ Equity Growth & Forced Appreciation

If you do cosmetic upgrades or reposition the property (better tenants, minor improvements), you could increase the property’s value.
A small $10,000–$15,000 increase in value means a significant gain (since you only put down $2,000).

✅ High Leverage / ROI Potential

Your initial cash outlay is small, but any appreciation or rental income gain is magnified because you’re highly leveraged.

🔁 Cash-on-Cash ROI Calculation

Annual Net Income: $600 × 12 = $7,200
Cash-on-Cash ROI: $7,200 / $3,000 = 240%

✅ Result

Cash-on-Cash ROI: 240%

This is an extremely high return because your upfront investment is so small relative to the net cash flow. Let me know if you want to tweak expense numbers or financing assumptions!