Fort Walton Beach FL Sub-to Cash Flow Monster

Fort Walton Beach, FL, 32548
Sold
Listed at: October 13th, 2024
Price
$38,000
Sq. Footage
1140
Type
Single-Family
Parking
Carport
Year build
1960
Lot size
0.34 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
1
Summary

💥Cash Flow Monster - Subto in Fort Walton Beach, FL!💥

+30% Cash on Cash Return - Instant Equity - Situated in Prime Location!



🏡 Property Overview

Address: 235 Coral Dr Sw, Fort Walton Beach, FL

Layout: 4 Bedrooms / 2 Bathrooms

Size: 1140

Year Built: 1960

Lot: .34 Acres

HOA: NO

Closing Date: On or before October 31, 2024

EMD: 5k



💰 Financials

Total Entry Fee: 38,000 +closing & tc

Total Monthly Payment: approx $1122.13

(Total Monthly Payment includes PITI + Solar)

 

Total Purchase Price: approx $196K

176 Coral Dr SW  Comp: Sold @ $260,000 ($263 per sqft)




📈 Rental Projections

  • LTR Rates: $ 2600/mo (rentometer)

  • Section 8 FMR: $ 2557/mo (HUD User)



💵 Estimated Cashflow

Long-term Rental ($ 1061/mo gross cashflow)

Section 8 Rental ($ 1038/mo gross cash flow)



📍 Location Highlights

  • Hurlburt Field AFB: 10 min

  • Beach Access: 10 min

  • HCA Florida : 10 min

  • Elgin AFB: 15 min

 

📞 Contact for More Information

Jaclyn Pawulich

Disposition Manager

Call/text: 317-340-7464

jpawulich@joehomebuyer.com

 

Courtesy of Joe Homebuyer Gulf Coast

 

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