🏑 SUBTO DEAL IN CRESTVIEW FL - GOOD ENTRY FEE - 2.375% Interest Rate!🏑

Okaloosa County, Crestview, FL, 32539 view full address
For Sale
Listed at: February 25th, 2024
Price
$49,997
ARV
$352,620
Sq. Footage
2312
Type
Single-Family
Parking
Attached Garage
Year build
2004
Lot size
0.26 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
If someone buys for this price, no more offers will be accepted
Summary

Beautiful home nestled in the Florida Pan Handle City of Crestview, a 2.375% Interest Rate Mortgage!

-Contracted price is $296,300
-ARV is $355,620 
-Entry fee of $49,997 + Closing Costs.
-SubTo Loan is approx. $255,344 + $16,800 @ 0% payable to seller @ $200/mo until paid
-PI is $1,121.35
-Solar panels only $137.23/mo with balance of $28,858.31

🏑 SUB-TO DEAL COURTESY OF SUPERMARIO 🏑

PROPERTY DETAILS: 🏑

  • Address: 5624 N Brook Dr Crestview FL
  • Property Type: Single Family Residence
  • Bed/Bath Ct: 4/2
  • SF: 2312
  • Lot Size: 0.25 Acres
  • Condition: Move-in ready
  • Zillow Link: 5624 N Brook Dr Crestview FL 32539
  • Link to Google Maps: 5624 N Brook Dr - Google Maps
  • YB: 2004 LOW ENTRY FEE, $49,997 + CC & You own It!
  • New Roof in 2021
  • Brooke Estates located on the North part of town


    GREAT LOCATION, GREAT CURB APPEAL, ON A QUIET ST

SUBJECT TO DETAILS: πŸ“

  • Mortgage Type: Conventional
  • Loan Type: 30 Year Fixed
  • Interest Rate: 2.375%
  • Mortgage Balance: $255,344 (As of 4/15/24)
  • Arrears: $0.00
  • PITI: $1,509.36 Approx (P&I = $1,121.83)
  • *** There is Approx $16,800 in Owner Equity that is included in the Buy Price and will be paid overtime at ZERO %, $200/mo, hence, that amount comes OFF of the buy price Resulting in a LOWER ENTRY FEE of $49,997 + CC.

EXIT EXAMPLE:

**Wrap numbers based on selling the home at these terms:**

  • Sell price: $369,900
  • Down Payment: 10% down, $36,000
  • Financed Amount: $323,910 
  • Term: 30yrs at 
  • Interest 8% interest,
  • Rent Rate: $2100
  • Potential Wrap P&I: $2,376.74
  • POTENTIAL CASHFLOW: $1,254.91

TERMS: πŸ“

  • Entry Fee: $49,997 + Closing Costs
  • Any unpaid mortgage payments are the responsibility of the seller and will be deducted from the amount that they would have received at closing.

NEXT STEPS: πŸ—ΊοΈ

  • For more information and to schedule a viewing, please contact:
  • SuperMario Garcia @ (321) 321-1100 (Text or call!)
  • Email at 4mario@gmail.com

Note 1: All financials and property details should be independently verified by the buyer.

Note 2: The seller either holds ownership or has a valid equitable interest in the properties being marketed.

Note 3: Buyers are responsible for their due diligence. The seller bases all information on data from the Multiple Listing Service (MLS), the County Assessor's Office, and the Property Tax Office. 

This information pertains to property attributes such as dimensions, land area, construction year, number of rooms, materials used, zoning, allowed and disallowed uses, parking features, and other relevant details. The buyer recognizes and agrees that the seller offers no warranties or representations about the property's current or future condition. 

The buyer acknowledges having independently verified this information and decides to purchase the property based on their findings. The buyer expressly understands that the property is being sold “as is, where is.”

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
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