Orlando Condo in Lyme Bay| $36,000| HOA is $240 a month| 32839

Orlando Condo in Lyme Bay|$36,000|HOA is $240 a month|32839


Call Gene anytime at 407-781-7312
If you have been priced out of the Orlando rental market lately, then here is your chance to own a 2 bedroom condo with a low HOA for under $40k. This area really doesn’t require nice finishes to get market rent. You could redo the kitchen and baths with some Home Depot generic cabinets and nicer basic counter tops, some paint, and a good clean, and that’s all this unit really needs. Should rent for between $850 and $900 per month. Taking out taxes, insurance, and HOA, at $850/mo, you would be bringing in a return of 17% ROI. If you get $900/mo and reduce your rehab, it could be more!
Lyme Bay, Monthly HOA: $240
Est. Rehab: $5,000
Est. ARV: $50,000
Est. Monthly Rent: $850 – $900

Property Details

Price:

$36,000

Address:

Ludlow Lane

City:

Orlando

State:

FL

Zip Code:

32839

Year Built:

1975

Terms:

For Sale

Property Type:

Condo

Square Feet:

1164

Bedrooms:

2

Bathrooms:

1.5

Call (407) 781-7312 for more details