Pensacola Low Interest Rate Subto Property with Multiple Exit Strategies

Escambia County, Pensacola, FL, 32526
Sold
Listed at: January 12th, 2024
Price
$38,000
ARV
$280,000
Gross Margin
$242,000
Sq. Footage
1543
Type
Single-Family
Parking
Attached Garage
Year build
1988
Lot size
0.32 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

💥 New Low-Interest Rate Subto Property For Assignment in Pensacola, FL💥

Prime Location for Multiple Profitable Exits - No Banks, Tax Returns, or Credit Checks Needed!

📍 Quick Property Overview:

Size: 1543 SqFt

Year Built: 1988

Layout: 3 Bedrooms / 2 Bathrooms

COE (Close of Escrow): On or Before February 26th, 2024

🌇 Location Highlights:

Downtown Pensacola: Within a 20 min drive

Hospitals & Airport: 20 mins to major hospitals and Pensacola International Airport

Naval Air Station & Beach: 25 min drive

💸 Financial Overview:

Total Entry Fee: 38k plus Closing & TC

Interest Rate: 3.5%

PITI: 1307.89/month

STR Projections: Over 3.5k/month (42.5k/year)

LTR Rates: 1700 - 1900/month

2024 Section 8 Fair Market Rent: 1747/month

Outstanding Mortgage Balance: 164,131

Total Purchase Price: 202,131

Rehab Estimate: 10k - 20k

After Repair Value(ARV): 270k - 290k

EMD: 5k

🏠 Profitable Exit Strategies:

Fix n Flip: Low all-in costs, Light Rehab, Ideal for great profit margins

Buy n Hold: Strong income projections for Long term, Mid term, or Short term rentals

🚀 Investor's Edge:

Low Interest Rate: Lock in savings with a 3.5% rate

Multiple Exit Strategies: Ideal for a light rehab subto flip or high-income rental (long-term, midterm, short-term)

High Rental Demand: Positioned in a prime location for consistent rental income

📞 Contact for More Information:

Coreyonte Turner

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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