2 Percent SubTo Deal in Pensacola 2018 Build Fully Furnished

Escambia County, Pensacola, FL, 32502
Sold
Listed at: December 4th, 2023
Price
$305,000
ARV
$330,000
Gross Margin
$25,000
Sq. Footage
1216
Type
Single-Family
Parking
Driveway
Year build
2018
Lot size
0.09 acres
Bedrooms
3
Bathrooms
3
Half Bathrooms
0
Summary

💥 Exclusive SubTo Hybrid Deal in Pensacola, FL - For Assignment 💥

Greetings, Investors!

Looking for a rare, off-market gem in Pensacola, FL with a fantastic interest rate? We have just the deal for you, available for assignment before year-end!

🏠 Property Details:

Built: 2018, 1,216 sqft of living space

Layout: 3 Bedrooms / 3 Bathrooms

Features: Fully Furnished, Turnkey

Vacant: Available for showing, Contact info below

HOA: None, no rental restrictions

Closing: On or before December 29th, 2023


💰 Financial Highlights:

Market Value: Over $330,000

Purchase Price: $305,000

Interest Rate: Unbelievably low at 2.25%

VA Loan Balance: $185,987.15

PITI: $1,195.26/month

Maturity Date: 03/01/2049


📈 Seller Financing Details:

2nd Note: $40,000 at 0% interest, 9-yr balloon

Monthly Payment: $333.33

Balloon Payment: $4,000.02 after 9 years


🔥 Rental Estimates:

Potential Income: $2,400 - $2,800/month


💸 Entry and Additional Costs:

Total Entry: $80,000 (plus Closing & TC)

Cash to Seller: $60,000

Assignment Fee: $20,000

EMD: $5,000


🚀 Why This Deal Is a Must-Buy:

Off-Market Rarity: A unique find that's not publicly listed.

Turnkey Readiness: Fully furnished and ready for immediate occupancy or rental.

Instant Equity & High Rental Returns: Purchase below market value with excellent cash flow potential.

Exceptionally Low Interest Rate: Secure long-term savings.


📞 Contact for More Information:

Coreyonte Turner, Disposition Manager

Email: Coturner@joehomebuyer.com

Phone: (402) 840-7321

Courtesy of Joe Homebuyer Gulf Coast





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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Disposition manager