Are you looking for your primary home in Florida or an exciting investment opportunity? Look no further! This property in Palm Bay, FL, is ready for assignment and offers versatile options for potential buyers.

Property Details:

Total Purchase Price: $297,744

• UPB (Unpaid Principal Balance): $282,744
• Interest Rate: 6.9%
• PITI (Principal, Interest, Taxes, Insurance): $2,689/month
  Don't forget about depreciation! 

Best Exit Strategies:

• Homestead: Make it your primary home!
• Padsplit: Ideal for shared housing.
• Mid-Term Rental (MTR): Cater to traveling professionals or temporary residents.
• Short-Term Rental (STR): Perfect for vacationers and tourists.

Padsplit Potential:

• 7 Beds @ $190/week = $5,320/month

  • Minus Padsplit Fee: $495
  • Vacancy & Repairs: $530
  • Other Expenses: $500
  • PITI: $2,689

• Net Cashflow: $1,179/month

• Annual Cashflow: $14,112/year

Entry Fee:

• $18,000 plus Closing Costs

Property Features:

• Roof: 2011
• AC: 2017
• Water Heater: 2017
• NO HOA

This is a fantastic property in a prime area, a solid deal to hold onto.

📞 Call for more info and seize this opportunity today!