HYBRID DEAL

Purchase Price: $481,000

Total Monthly Payment: $2,901

Entry Fee: $49,950 + Closing Costs

Property Description:

Property Type: Townhouse

Deal Source: Direct to Seller/Agent

Beds/Baths: 5 Beds 4 Baths and 2 Half Baths

Garage: 2 Spaces

Year Built: 2016

SQFT: 2,204

ARV: $466,000

HOA: Yes

HOA Rules: No Rental Restrictions

Pool: Yes

Condition: Turnkey

Closing Date: 02/08/2024

Access: Schedule with me

Entry Fee Breakdown:

Cash to Seller/Agent: $34,950

Arrears: $0

Liens: $0

Assignment: $15,000

Exit Strategies:

Long-Term Rental: $3010 (Rentcast)

Mid-Term Rental: $2,600 - $4,500 (FunisherFinder)

Short-Term Rental: $3,571 (DataRabbu)

PITI Breakdown:

PITI: $2,109

Principal: $616

Interest: $687

Escrow: $805

Seller Carry Payment: $364

HOA: $428 (Includes screened-in pool, clubhouse, pool, water play area, and fitness center)

Total Payment: $2,901

Mortgage Information:

Existing Loan: $299,819

Loan Type: FHA

Interest Rate: 2.7%

Maturity Date: 04/01/2051

Seller Carry Information:

Loan Amount: $131,231

Interest Rate: 0%

Loan Term: 30 Years

Ballon Due: 7 Years