🔥 3.5% SUBTO ✌🏻 NORFOLK VA!! LTR/STR CASH FLOW!! 💵

🏠 Property Overview:

• Bedrooms: 4 🛏️
• Bathrooms: 2 🛁
• Size: 1,615 sqft 📏
• Lot Size: 6,410 sqft 🌳
• Year Built: 1942 📅

💰 Financials:

• Mortgage Balance: $256,000
• Interest Rate: 3.5% 💸
• PITI: $1,707/month 🏦
• Market Rent: $2,300 - $2,400/month 💲
• Location: Near Lafayette River, in a highly desirable neighborhood 🌟

🔑 Entry Costs:

• Cash to Seller: $3,000
• Cash to Agent: $7,500
• Assignment Fee: $26,500
• Total Entry Fee: $37,000 + CC/TC 📈

Other Terms/ Conditions:

• Requires minor refinishing (see pictures) 🖼️
• Home will be vacant as of 02/29/24 🚪
• Showings available upon request 🕵️‍♂️
• Currently marketed for rent at $2,400/month 🏷️
• Close of Escrow (COE): 03/12/24
• Earnest Money Deposit (EMD): $5,000 💼
• Mortgage Statement show arrears… currently paid off waiting on new statement 

🚪 Exit Strategies:

• Long-Term Rent (LTR): $2,200 - $2,400/month 📊
• Medium-Term Rent (MTR): $2,922/month 📈
• Short-Term Rent (STR): $2,884/month 📉