🏡 🏄 Subto South FL - Vero Beach STR opportunity at 3.875%

805 36th Ave, Vero Beach, FL 32960

PROPERTY DETAILS

-3 bd

-2 ba

-1,107 sq ft

-0.29 Acres lot

-1962 build

-1 parking space

-No HOA

TERMS

-Purchase Price: $260,194.34

-Entry Fee: $45,000 + CC + TC

-Buyer to pay arrears for mortgage approximately $ 35,000, 

-Fence arrears $423.70, water arrears $594

-Buyer to take over monthly fence $144.74, 

-solar $174.66 and water payments $114 

-Any additional arrears the buyer will be responsible for 

INFO

-1st Mortgage: $215,194.34

-Interest Rate: 3.875%

-PITI: $1,681.76

-Principal: $366.55

-Interest: $676.47

-Escrow: $638.74

-Solar Loan: $38,032.77 @1.99%  - $174/.m (1 late payment)

-Solar maturity: 12/08/46

-Fence balance: $4,483.92

-Fence monthly: $144.74

-Fence arrears: $423.00

-Wate loan: $7148 

-Water monthly: ~$114/m

-Water arrears:$594

-Total monthly payment: $1939

RECOMMENDED EXITS

-LTR: $2,000 - $2,300/ (Zillow Rent)

-MTR: $3,000 (Furnished Finder)

-STR: $3,800 - $4,000 (AirDNA)

OTHER NOTES

-10-15 minutes from the beach

-Treasure Coast International Airport 12.8mi

-Florida Atlantic University - Harbor Branch 8.0mi

-Treasure Coast Community Health 3.1mi

-Mangrove Sands Golf Club 3.9mi

-South Beach Park 7.8mi

-McKee Botanical Garden 2.9mi

-Lagoon Greenway 2.6mi

Link to photos  | Documents