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🌟 Tiny Fixer Upper 1R 1B SFH / Pioneer Growing Sanford! 🛠️

1 Beds / 1 Baths • 864 SqFt

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Offer Submission Deadline

House Type Single Family House
Bedrooms 1
Bathrooms 1
Year Built 1940
Approx.SqFt. 864
Lot size SqFt. 6500
Garage No Garage

Description

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1603 W 16th St, Sanford, FL 32771

This classic 1-bed, 1-bath bungalow in Sanford's historic Goldsboro neighborhood offers 864 sq ft of charm on a 6,517 sq ft lot. Freshly painted exterior, hardwood floors, and new windows in place. Ideal for those looking to add value through updates in a rapidly growing market.

Located within the Seminole County School District and just minutes from downtown Sanford, this home is zoned for Idyllwilde Elementary, Sanford Middle, and Seminole High.

Key Property Details:

Vacant with lockbox access ,Needs roof, HVAC, plumbing, and electricalFoundation is solid, Full interior renovation needed.

Recent Activity Nearby:

1603 W 16TH ST: 756 sq ft | 1/1 | Closed 12/31/2024

203 S HOLLY AVE: 800 sq ft | 1/1 | Closed 01/07/2025

Projected Value: ARV: Approx 210K

Estimated monthly rent: 1,650

Flip potential: ROI ~29%

Rent potential: ROI ~7.8%

Timeline & Terms:

Closing Date: 6/16/2024

Title: United Home Title & Escrow

EMD: 5,000 (due within 3 hours of signed agreement)

Proof of Funds: Not required

Next Steps:

Reach out to schedule a walk-through

Submit your offer

Sign assignment agreement

Lock in the deal and execute your strategy

🛠️ Flip ROI (Fix & Flip)

Assumptions:

After Repair Value (ARV): $210,000
Repair Costs: ~$75,000 (same as before)
Closing Costs + Commissions (9% of ARV): $18,900
Total Investment = Purchase Price + Repairs + Closing/Commissions:
$59,990 + $75,000 + $18,900 = $153,890

Net Profit After Sale = ARV - Total Investment:

$210,000 - $153,890 = $56,110

🔹 ROI on Flip = (Profit ÷ Total Investment):

$56,110 ÷ $153,890 ≈ 36.5%

🏠 Rental ROI (Buy & Hold)

Assumptions:

Monthly Rent Estimate: $1,650
Annual Gross Income: $19,800
Operating Expenses (approx 41% total):
Vacancy, Management, Maintenance, Taxes, Insurance = ~$8,140
Annual Net Income:
$19,800 - $8,140 = $11,660 (same as before)

Total Investment (no financing assumed):

$59,990 (purchase) + $75,000 (rehab) = $134,990

🔹 ROI on Rent = (Annual Net Income ÷ Total Investment):

$11,660 ÷ $134,990 ≈ 8.6%

Please Note: This is a contract assignment opportunity. All buyers must perform their own due diligence. The info provided is believed to be accurate but not guaranteed. Offered exclusively to experienced investors. MaliHaus Capital offers private equity lending through a private capital partner. Please inquire for details.

Questions or ready to proceed? Contact George Munoz at Malihaus Capital Call 321-471-4242 | Visit www.buyerhaus.com