LOW ENTRY Subject To ✌🏽🤩❗️Instant Equity!

Bay County, Panama City, FL, 32404
Sold
Listed at: April 19th, 2024
Price
$15,000
ARV
$300,000
Gross Margin
$285,000
Sq. Footage
1688
Type
Single-Family
Parking
Attached Garage
Year build
1955
Lot size
0.24 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

This deal won't last long, reach out now before it's too late!

For info and showings, call Rozy at (203) 820-6269.
Do not approach without an appointment.

Occupancy: Owner Occupied, Vacant at COE 
COE: 5/9/2024 

Mortgage Information 🏡

Loan Balance: ~$207,000 
Interest Rate: 5.25% 
PITI: $1640
Loan Maturity Date: May of 2052 

Escrow Shortage: ~$4000
Cash to Seller + Assignment Fee= $11,000 (Plus Closing Costs)
Total Entry Fee <7%! = ~$15,000 (Escrow Shortage + Cash to Seller + Assignment Fee) 
Total Purchase Price= ~$222,000 (Loan Balance + Entry Fee)
Buyer to pay all Closing Costs. (Not calculated in Entry Fee above) 

Possible Exit Strategies🚪

LTR Rates: $2,100 per month 
STR Rate according to AirDNA: $37,400 
MTR Option- 12 minutes from Tyndall Airforce Base and 20 minutes from Gulf Coast State College

Location📍

12 Minutes: Tyndall Airforce Base
10 Minutes: Downtown Panama City
20 Minutes: Gulf Coast State College
30 Minutes: Panama City Beach 

Sold Comps 📊

5302 Seneca Ln, Panama City, FL 32404
Sold for $270,000 ($172/sqft) 

5940 Lake Dr, Panama City, FL 32404
Sold for $240,000 ($169/sqft)

5326 Peppertree Ct, Panama City, FL 32404
Sold for $255,000 ($206/sqft)

4101 Sue Ln, Panama City, FL 32404
Sold for $315,000 ($202/sqft)


*Buyers must do their own due diligence.
*Disposition Manager is also a Real Estate Agent
*Ethical Home Solutions either owns or has an equitable contractual interest in the properties marketed.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Rozy Ferrera

No reviews

Disposition manager