💰 This Week’s Deals: REOs, Renters, & Raw Upside
$83K land play, 1% rental, and a REO fire sale
This week’s deals are for buyers who move fast and think bigger: a 4-bed REO with $3.8M in unpaid debt, a brick foreclosure hitting the 1% rule, a ranch on a full acre the bank took back for $83K, and a 4-bed rental-ready fixer already pushing $2K/month in projected rent.
From overleveraged flips to underpriced land plays, this batch is all about margin, momentum, and making the numbers work.
Free readers get the 4-bed REO. Paid members get all four.
Passive Cash-Flowing Properties
Buy shares of investment properties, earn rental income & appreciation for anywhere from $100 to $20k — let Arrived take care of the rest.
Distressed Deals of The Week
🏚️ Bank-Owned 4-Bed with Equity Built In
This REO just hit at $210K — but the bank took it back for $173K and the Zestimate’s already $200K. With a metal roof, fireplace, and 1,900+ sq ft on a quarter-acre lot, it’s a clean margin play for flippers or landlords who know how to move fast.
🧱 Brick 4-Bed Foreclosure Hitting the 1% Rule
This 2,288 sq ft foreclosure is listed at $278K with rent comps near $2,600/month. Brick exterior, large lot, and a quiet neighborhood. Bank just took it back for $269K — grab the upside while it’s on market.
💼 Bank Took a $340K Loss — Here’s Your Shot
This 4-bed ranch with 1,800+ sq ft and an acre of land was just listed at $290K after the bank took it back for $83K. The unpaid loan balance? $423K. No HOA, garage, and room to build serious equity.
💥 4-Bed REO Asking $250K — Rent Comps Near $2K
Fixer with fenced yard, canal view, and no HOA. Bank-owned and priced to move. Existing appliances, low tax base, and cash offers preferred — close fast and collect cash flow.
1560 7th Ave, Deland, FL 32724
🏚️ Bank-owned 4-bed, 2.5-bath home on a quarter-acre lot with nearly 2,000 sq ft of living space — now listed at $210K after foreclosure.
With a metal roof, fireplace, oversized yard, and multiple outbuildings, this 1988-built home has the bones and setup for a high-margin flip or long-term rental. Located minutes from downtown DeLand and Stetson University, it offers the trifecta: size, location, and entry price.
💡 Pro Tip: US Bank Trust took it back for $173K at auction just months ago — and now it’s listed at $210K with a Zestimate of $200K. There’s real spread potential here for anyone willing to do a cosmetic rehab and leverage the lot size + 4-bed layout.
💰 Financial Snapshot
Est. Market Value (Zestimate): $200,500
Purchase Status: REO (Bank-owned)
Last Auction Price (Unpaid Balance): $188,209
REO Takeback Price: $173,100
Current Ask: $210,000
Layout: 4 bed / 2.5 bath
Building Size: 1,924 sq ft
Lot Size: 0.26 acres
Year Built: 1988
Price per Sq Ft: $109
Rent Zestimate: ~$2,418/mo
Annual Taxes: $2,186
⚠️ Heads Up
Older home, likely needs full interior update (flooring, appliances, HVAC)
Septic + well — standard for rural but not everyone’s cup of tea
Only moderate discount to Zestimate — negotiate below $200K for best margin
Bank-owned, so timeline may be rigid or slow
🏆 Best Play
Ideal for:
Buy-and-hold landlords looking for solid yield near a college town
Rehabbers comfortable with mid-level cosmetic work
Owner-occupants looking to house hack or build sweat equity
Why it works:
A 4-bed home with a fireplace, metal roof, and flexible outbuildings for $109/sq ft is a rare find in Central Florida. Even without deep distress, this is a clean REO with margin, rentability, and location on its side.