(Panama City, FL) πŸ’₯4/2 SFHπŸ’₯ SUBTO @4.375%

Panama City, FL, 32404 view full address
For Sale
Listed at: October 4th, 2024
Price
$32,000
ARV
$400,000
Gross Margin
$368,000
Sq. Footage
1921
Type
Single-Family
Parking
Garage
Year build
2022
Lot size
0.15 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

🏑 Address: SEND A REQUEST. 3-5 minute response time
🏑 4 Beds | 2 Baths | 1921 SqFt | 2022 Build

🚨 Key Highlights:

πŸ’₯ Turn key
πŸ’₯ Access: By Appointment Only 


DEAL BREAKDOWN:

πŸ’΅ Purchase Price: $371,000
πŸ’΅ Entry Fee: $32,000 (Seller, Arrears + Assignment) + CC & TC
πŸ’° Existing Loan: $ 319,306.57 FHA @ 4.375% (HOA: $51 Monthly)
πŸ”₯ SELLER FINANCE: $20,000 @ 0% NO PAYMENTS, BALLOON IN 3 YEARS
πŸ’Έ PITI: $1,915.39 + $51 HOA = $1,966.39 / Month
πŸ’Έ EMD: $5,000 (Non-Refundable) 

EXIT STRATEGIES

πŸ”‘ Long-Term Rental: $2,400-$2,500

πŸ”‘ WRAP THIS AT 7.5% interest and Cash Flow Over $740/m

 πŸ”‘ MTR: $1000 per bedroom

REPAIRS

πŸ› οΈ$5,000 (quote) it needs paint and a few areas of the floor fixed. 


πŸš€ Why This Deal? πŸš€

🌟 Turnkey
🌟 Perfect homestead


πŸ“²Contact Info! Call me! 😁

Justice Gomez

justice@findtheblueprint.com

(303)-842-8482

ALL properties are under contract and we are executing our right to assign these properties if we choose to. To schedule a viewing please contact us via email or phone. Properties are sold as is and buyers are required to pay all general closing costs. Buyers are required to make a non-refundable deposit of $5,000-$15,000 by 10AM the next business day after an accepted offer or before 5pm the day of an accepted offer. All properties are under contract and we intend to assign it to an end buyer. Closings are done with a title company/closing attorney. If you have any further questions please reach out to us via email or phone.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Justice Gomez

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