Price
$149,900
Property type
Single Family Residence
Status
Pending
Bedrooms
3 beds
Bathrooms
2 bath
Square feet
10123 Sqft
Year built
1955
Garages
1 cars
Lot size
10123 Sqft
Description
INVESTOR SPECIAL – PRICED BELOW MARKET IN A CLOSE-TO-DOWNTOWN ORLANDO LOCATION! This is the value-add opportunity investors wait for. 606 Ventura Ave is a 3-bedroom, 2-bathroom, 1,529 sq ft single-family home in the established Rock Lake area, just minutes west of downtown Orlando. The home needs a lot of TLC and is being sold strictly AS-IS, which is exactly why it's priced well below comparable homes nearby. Whether you're a flipper, a buy-and-hold landlord, or running the BRRR strategy, the numbers here are built to work in your favor.
WHY INVESTORS WILL LOVE THIS PROPERTY: You're buying at a discount and creating equity through renovation. With a solid 3/2 floor plan and over 1,500 sq ft of living space, this house has the size and layout today's buyers and renters want. That's a big advantage over the smaller 2-bedroom homes common in older Orlando neighborhoods. Put in updates like a new kitchen, refreshed bathrooms, flooring, paint, and system upgrades, and you can force appreciation and capture a strong after-repair value. Renovated homes on this very street have already been bought, improved, and resold, proving the rehab model works here.
MULTIPLE WAYS TO PROFIT:
FIX & FLIP: Buy below market, renovate, and sell to retail buyers looking for an updated home close to downtown at a price below many other central Orlando neighborhoods.
429 Ventura Ave was marketed as an investment opportunity and sold for $202,500 in March 2025. 531 Ventura Ave, which had a full renovation including a 2024 roof, new flooring, and a new kitchen, sold for $375,000 in December 2024. That spread on the same street is a strong selling point, so you could add something like "renovated homes on this street have sold in the $375K range.
BUY & HOLD: Orlando has one of the strongest rental markets in Florida, fueled by steady population growth, tourism and hospitality jobs, healthcare, and a booming downtown. A renovated 3/2 single-family home is one of the most in-demand rental types in the city.
BRRR: Buy, rehab, rent, refinance, and pull your capital back out to repeat the process on your next deal.
LONG-TERM APPRECIATION: The west side of downtown Orlando has seen substantial public and private investment in recent years. Getting in now positions you ahead of continued growth in the area.
LOCATION, LOCATION, LOCATION: The Rock Lake area offers what investors and end users both look for, which is convenience and access. You're a short drive from downtown Orlando's business district, restaurants, and nightlife, plus the Creative Village development, home to the UCF and Valencia downtown campus. Camping World Stadium, the Kia Center, and the Dr. Phillips Center for the Performing Arts are all close by, as are Lake Lorna Doone Park and the many neighborhood lakes and parks that give Orlando its character. Commuters and tenants will appreciate the quick access to I-4, SR-408, and the East-West Expressway, making it easy to reach major employers, Orlando International Airport, and the theme parks. Public transit options through LYNX add to the rental appeal.
Cash and hard money only. The property is sold strictly AS-IS, WHERE-IS, and the seller will make no repairs or concessions. Buyer to verify all information, including square footage, lot size, zoning, utilities, permits, and rental potential. Well-priced investor deals in central Orlando don't last!
Location
Schools
Pets
Cafes
Restaurants
Frequently Asked Questions
Is it a good idea to buy a home in Kissimmee or Davenport to rent it on Airbnb?
Kissimmee and Davenport are two of the most profitable areas for vacation rentals near the Disney theme parks, thanks to year-round tourism demand. However, not all communities allow short-term rentals: you\'ll need to choose developments specifically zoned for short-term rental, such as ChampionsGate, Solara Resort, Storey Lake, Windsor Island, or Reunion. Profitability depends on the size of the home, average occupancy, and the cost of property management, HOA, and taxes. A well-located home can generate attractive income, though results may vary by season and how it\'s managed. At Florida HomeGroup Realty, we only show you Airbnb-approved properties and connect you with experienced vacation rental managers.
What are the closing costs and additional expenses when buying a property in Orlando?
When buying a property in Orlando, you should budget an additional 2% to 5% on top of the purchase price to cover closing costs. These typically include title insurance, title search, inspection, appraisal, prorated taxes, the first property insurance premium, and initial HOA fees if applicable. If you finance the purchase, add loan-related costs (origination, appraisal, and points). Property taxes in Florida usually range between 1% and 1.5% of the assessed value per year. Each transaction can vary depending on the area, property type, and builder. At Florida HomeGroup Realty, we provide a detailed estimate before you sign, so there are no surprises on closing day.
Is it better to buy a new construction home or a resale property in Orlando?
It depends on your goals. A new construction home usually comes with warranties, better energy efficiency, modern designs, and customization options; many builders also offer incentives such as rate buydowns or closing cost assistance. A resale property, on the other hand, may offer a more established location, mature landscaping, room to negotiate the price, and immediate availability. For vacation rental investment, new homes in short-term rental communities are often the preferred choice. Each decision depends on your budget, timing, and personal goals, so it\'s worth reviewing both options with a specialized advisor. At Florida HomeGroup Realty, we help you compare real options and negotiate with both builders and sellers.
Can I buy a house in Orlando if I\'m a foreigner and don\'t live in the United States?
Yes. In Florida, foreign buyers can purchase property without needing a visa, residency, or U.S. citizenship. The process is very similar to that of a local buyer: you submit an offer, complete the inspection, hire a title company, and close the deal. You\'ll only need a valid passport, proof of funds, and in some cases an ITIN for tax purposes. Keep in mind that regulations such as FIRPTA may apply when you sell the property, so it\'s wise to plan from the start. Each case can vary, which is why personalized guidance is recommended. At Florida HomeGroup Realty, we guide international buyers through every step with bilingual support and a fully transparent process.
What financing options are available to buy a home in Orlando if I\'m not a U.S. resident?
There are several alternatives to finance your Orlando property even if you live abroad. The most common is the foreign national loan, which usually requires a down payment between 25% and 35%, proof of income from your home country, and international bank references. Some buyers prefer to pay cash to close faster and refinance later. Interest rates for foreign buyers tend to be slightly higher than for local borrowers, and terms vary by lender. Each institution has its own policies, so it\'s recommended to review options with a specialized advisor before making an offer. At Florida HomeGroup Realty, we work with mortgage brokers who specialize in financing for international and Latin American buyers.
Veterans and Military Benefits
We work with Veterans specialists to provide expert guidance and access the exclusive homebuying benefits for those that have served. Find a Veterans real estate agent or VA loan officer today.
I want a meeting now
