Turnkey 3/2 in Crestview, Florida | Sub-to 3.625%

Okaloosa County, Crestview, FL, 32539
Sold
Listed at: June 19th, 2024
Price
$255,412
Sq. Footage
1652
Type
Single-Family
Parking
Attached Garage
Year build
2004
Lot size
0.21 acres
Bedrooms
3
Bathrooms
2
Half Bathrooms
0
Summary

💥Low Entry 3.625% Subto Deal in Crestview Florida!💥

Huge Cashflow- Turnkey - Situated in Prime Location!

 

🏡 Property Overview

Layout: 3 Bedrooms / 2 Bathrooms

Size:1652

Year Built: 2004

Status: Vacant at COE

Closing Date: July 15, 2024

Roof: 2015

HVAC: 2021

EMD: 5k

 

💰 Financials

Total Entry Fee: 27,493 + CC & TC (with HVAC Lien) 

Total Entry Fee: 43,626 + CC & TC (Paying off HVAC Lien) 

Interest Rate: 3.625%

Total Purchase Price: approx $255,412
Outstanding Mortgage Balance: $147,915.48

HVAC Lien: approx 16,133 (approx. 493/month) 

Second Position Lien: 63,869.30 (no payments, backend payoff) 

PITI: 1,353.70/mo

 

 

📈 Rental Projections

  • LTR Rates: $1950 /mo (rentometer)

  • Section 8 FMR: $2064 /mo (HUD User)

 

💵 Exit Strategies with Cashflow

Exit 1: Long-term Rental with HVAC Lien Paid off ($538/mo gross cash flow)

Exit 2: Section 8 Rental with HVAC Lien Paid off ($645/mo gross cash flow)


Exit 1 w HVAC Lien: Long-term Rental ($45/mo gross cash flow)

Exit 2 w HVAC Lien: Section 8 Rental ($152 /mo gross cash flow)

 

 

 

 

📍 Location Highlights

  • Bob Sikes Airport: 5 min

  • North Okaloosa Medical Ctr: 10 min

  • Duke Field Afs: 20 min

  • Emerald Coast Zoo: 10 min

  • Fort Walton Beach: 35 min

 

📞 Contact for More Information

Jaclyn Pawulich

Disposition Manager

Call/text: 317-340-7464

jpawulich@joehomebuyer.com

 

WHAT TO EXPECT FROM JOE HOMEBUYER: Deal is to be sold to INVESTOR CASH BUYERS only. PROPERTY WILL BE CONVEYED WITH FREE AND CLEAR MARKETABLE TITLE UNLESS OTHERWISE AGREED. NO INSPECTION PERIODS EXCEPT WHAT IS NOTED ABOVE. BUYER MUST DO THEIR OWN DUE DILIGENCE. HOUSE IS BEING SOLD " AS-IS" WITH NO WARRANTIES OR DISCLOSURES FROM THE SELLER AND BUYER TO PAY ALL CLOSING COSTS AND TRANSFER TAXES WITH THE EXCEPTION OF ANY PRORATED PROPERTY TAXES, LIENS, AND JUDGMENTS UNLESS OTHERWISE AGREED TO IN WRITING BY BOTH PARTIES. WE EITHER OWN OR HAS AN EQUITABLE CONTRACTUAL INTEREST IN THIS PROPERTY. THIS MARKETING PIECE ONLY REFERENCES THE EQUITABLE INTEREST OR OPTION IN THE PROPERTY. All figures expressed either verbally or in marketing material is to be an estimate. There are no guarantees or assumptions. Buyer should conduct their own due diligence prior to making any offers. If property is occupied, please do not disturb the occupant. Occupant/tenant rights apply. Contact us directly for entry instructions unless otherwise stated above. WE ARE EXPLORING ALL OPTIONS WITH THIS AGREEMENT AS PART OF OUR DUE DILIGENCE WE ARE CONSIDERING SELLING OUR ASSIGNABLE CONTRACT FOR THIS PROPERTY WE MAY NOT OWN THIS HOME - WE ARE NOT REAL ESTATE AGENTS. WE DO NOT REPRESENT THE SELLER. THE INFORMATION IS PROVIDED AS A COURTESY AND NOT MEANT FOR THE PURPOSES OF MARKETING THIS HOME DISCLAIMER: Please be advised that this is an assignment of contract. A legally binding purchase agreement has been signed with the Seller, which grants exclusive rights to this company to purchase the property. We would like to clarify that we are NOT representatives of the owner and DO NOT act as brokers. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or communicate with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Chris Allen

No reviews

Disposition manager