This 2-bed, 1-bath, 962 sqft single family home in Orlando is currently listed at $120K. While the property has been recently renovated and has a tenant in place, the biggest drawback is the sky-high $930 monthly HOA fee, which is extremely rare for this price point and market. Nearby comps show higher valuations for slightly larger units, but the HOA cuts heavily into potential profit. The immediate area commands average prices per square foot around $200–$230K, but your property’s price per sqft is already low, reflecting its limitations.
If you’re an investor looking to flip, I’d say this isn’t your golden ticket. The renovation is already done, so there’s limited room to add value. The outsized HOA fee will turn off prospective buyers and eat into any returns. If you’re a current owner, focus on maximizing curb appeal and marketing to end users, not flippers—especially those seeking affordable rentals. For a flip, look elsewhere unless the HOA situation changes.