💥Tallahassee Subto Property with Monster Cash Flow Potential🏠

Leon County, Tallahassee, FL, 32310
Sold
Listed at: December 21st, 2023
Price
$39,000
Sq. Footage
900
Type
Single-Family
Parking
Driveway
Year build
1962
Lot size
0.15 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

💥 New Subto Property For Assignment 🏠

HUGE Cash Flow Opportunity in Tallahassee, FL!

📍 Property Overview:

Size: 900 SqFt

Year Built: 1962

Layout: 3 Bedrooms / 1 Bathroom

Status: Owner occupied, will be vacant at closing

COE: On or Before February 22nd, 2024

HOA: None

💰 Financials:

Total Entry Fee: 39k plus closing & tc

Interest Rate: 3.625%

PITI: 557.69/month

Section 8 Fair Market Rent (2024): 1,708/month

Outstanding Mortgage: 78,007

Total Purchase Price: 117,007

+15% Cash on Cash Return: Even after considering rehab costs.

EMD: 5k

🚀 Investor’s Edge:

Significant Rental Income: Over $900/month cash flow potential after rehab.

No Banks Required: Easy acquisition process without credit checks or tax returns.

Meets the 1% Rule: Excellent investment benchmark for rental properties.

Low Interest Rate: Enhances your investment profitability.

Strong Rental Demand: Tallahassee, a market with growing rental needs.

📞 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

No reviews

Disposition manager