Panama City, FL - New Build 2022 Subject to with Crazy Low Interest Rate

Bay County, Panama City, FL, 32404
Sold
Listed at: September 11th, 2024
Price
$49,997
Sq. Footage
1519
Type
Single-Family
Parking
Attached Garage
Year build
2020
Lot size
0.04 acres
Bedrooms
3
Bathrooms
3
Half Bathrooms
1
Summary

💥ULTIMATE 2.25% Interest Subto in Panama City, Florida!!💥

 

You will not find a better interest rate!! 10%+ COC Return, HUGE Cash Flow!

 

🏡 Property Overview

Layout: 3 Bedrooms / 3 Bathrooms

Size: 1519

Year Built: 2020

Amenities: Pool in community

Status: Owner Occupied- Vacant at COE

Closing Date: On or before Oct 25, 2024

EMD: 5k

 

💰 Financials

Total Entry Fee: 49,997 + closing & tc

Interest Rate: 2.25%

Total Purchase Price: approx $227,079
Outstanding Mortgage Balance: approx 147,082

PITI: 1080 /mo

HOA: 200/month

Seller Carryback Note: $30,000

Seller Carryback Payment: No Payments, 10 year Balloon

 

📈 Rental Projections

  • LTR Rates: $1900/mo (rentometer)

  • Section 8 FMR: $2065 /mo (HUD User)


💵 Estimated Cashflow

Long-term Rental ($430/mo gross cash flow)

Section 8 Rental ($579/mo gross cash flow)

 

📍 Location Highlights

  • Tyndall AFB: 10 min

  • Select Specialty Hospital: 10 min

  • Florida State University: 20 min 

 

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

Jaclyn Pawulich

No reviews

Disposition manager