Unique Subto Flip or Buy n Hold in Crestview, FL Super Light Rehab

Okaloosa County, Crestview, FL, 32539
Sold
Listed at: December 21st, 2023
Price
$45,000
ARV
$415,000
Gross Margin
$370,000
Sq. Footage
2281
Type
Single-Family
Parking
Attached Garage
Year build
1993
Lot size
1.01 acres
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

💥 Subto Deal For Assignment 💥

Unique Subto Flip Opportunity in Crestview, FL – Multiple Exit Strategies! 🏠

📍 Property Details:

Size: 2,281 SqFt on a Huge 1 Acre Lot

Year Built: 1993

Layout: 4 Bedrooms / 3 Bathrooms

COE: January 14th, 2024

💰 Financial Overview:

Total Entry Fee: $45k plus closing & tc

Outstanding Balance: $231,642.52 at 6.125% interest

PITI: $1,957.89/month

2nd Note: $111.11/month (seller's remaining $40k equity financed at 0% over 30 years with a 10-year balloon)

HOA: $27/month

2024 Section 8 Fair Market Rent: +$2,557/month

Total Purchase Price: $321,642

ARV: $415,000+ (Multiple Comps)

Rehab Estimate: $10-15k (Super Light Rehab)

EMD: $5,000

🚀 Investor's Edge:

No Banks, Credit Check, or Tax Returns Needed: Simplify your investment process.

Multiple Exit Strategies: Ideal for Buy & Hold or a quick Subto Flip.

Minimal Rehab Needed: Just a light touch-up for huge returns.

Large Lot: A rare 1-acre property with vast potential.

Strong Rental Income: Above current PITI, especially with Section 8 rates.

Ideal Location: Situated in Crestview, FL, with a growing market demand.

📞 Contact for More Photos & Details:

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