Fully Furnished Subject to Beach house, walking distance to the beach!

Bay County, Panama City Beach, FL, 32413
Sold
Listed at: October 30th, 2023
Price
$616,672
Sq. Footage
1638
Type
Single-Family
Parking
Driveway
Year build
2006
Lot size
6578.00 sqft
Bedrooms
3
Bathrooms
3
Half Bathrooms
0
Summary

🌟 **HUGE $50k Price Drop Alert!** 🌟

🏡 We've renegotiated with the seller to bring you an *incredible* investment opportunity that you won't want to miss! 📉

Introducing our fully furnished Beach House in Panama City Beach, just 3 minutes away from the beautiful Gulf of Mexico! 🏖️

**Details:**

- 3 Bedrooms 🛏️

- 3 Bathrooms 🛁

- 1,638 sqft 📏

- Sleeps 7+ 💤

**Financials:**

- Total Purchase Price: $616,672 💰

- Cash to Seller + Assignment: $39,500+ cash to seller 💸

- Mortgage Balance: $476,172.65 🏦

- Interest Rate: 4.875% 💹

- PITI (Principal, Interest, Taxes, Insurance): $3,525.70 📊

- Accelerate depreciation to save on taxes 💸

**Escrow Information:**

- Current Escrow Shortage: $349.07/mo 📉

- New PITI after Escrow Shortage is resolved: $3,176.63 💡

- Escrow Shortage Total: $1,049.07 (3 months remaining) ⏳

**Seller Financing:**

- Seller Carryback: $101,000 💰

- Interest Rate: 2.5% 💹

- Amortization: 50 years 📆

- Balloon Payment: 5 years 🎈

- Monthly Payment: $295.06 💸


**STR Projections at $6,000/mo+** 📈

WHAT TO EXPECT FROM JOE HOMEBUYER: Deal is to be sold to INVESTOR CASH BUYERS only. PROPERTY WILL BE CONVEYED WITH FREE AND CLEAR MARKETABLE TITLE UNLESS OTHERWISE AGREED. NO INSPECTION PERIODS EXCEPT WHAT IS NOTED ABOVE. BUYER MUST DO THEIR OWN DUE DILIGENCE. HOUSE IS BEING SOLD " AS-IS" WITH NO WARRANTIES OR DISCLOSURES FROM THE SELLER AND BUYER TO PAY ALL CLOSING COSTS AND TRANSFER TAXES WITH THE EXCEPTION OF ANY PRORATED PROPERTY TAXES, LIENS, AND JUDGMENTS UNLESS OTHERWISE AGREED TO IN WRITING BY BOTH PARTIES. WE EITHER OWN OR HAS AN EQUITABLE CONTRACTUAL INTEREST IN THIS PROPERTY. THIS MARKETING PIECE ONLY REFERENCES THE EQUITABLE INTEREST OR OPTION IN THE PROPERTY. All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions. Buyer should conduct their own due diligence prior to making any offers. If property is occupied, please do not disturb the occupant. Occupant/tenant rights apply. Contact us directly for entry instructions unless otherwise stated above. WE ARE EXPLORING ALL OPTIONS WITH THIS AGREEMENT AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME DISCLAIMER: Please be advised that this is an assignment of contract. A legally binding purchase agreement has been signed with the Seller, which grants exclusive rights to this company to purchase the property. We would like to clarify that we are NOT representatives of the owner and DO NOT act as brokers. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or communicate with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Coreyonte Turner

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