13208 Plum Lake Circle

3 BEDROOMS

2 BATHROOMS

1792 SQ FT LIVING AREA

12,389 SQ FT LOT

MOBILE HOME

CALL/TEXT OR EMAIL NAJEE TODAY FOR MORE INFO!

PHONE: 910-546-2245

EMAIL: DEALS@DEALFLOWTODAY.COM

Welcome to 123 Oak Street in Minneola, FL, where opportunity knocks! This property presents an excellent subject-to deal that offers the perfect blend of affordability, potential, and convenience. Situated on a spacious quarter-acre lot, this mobile home boasts 3 bedrooms, 2 bathrooms, and a generous 1,792 square feet of living space.

The property's attractive aspects extend beyond its physical features. Let's dive into the details of this subject-to deal:

ARV: $325,000

The After Repair Value (ARV) of this property stands at an impressive $280,000. This indicates the potential for significant returns upon completion of necessary repairs and improvements.

Balance: $110,000.00

With a remaining balance of $110,000, you'll be stepping into a property that already has a substantial portion of its mortgage paid off, providing a solid foundation for a subject-to deal.

Reinstatement: $30,000.00

As part of this deal, there is an opportunity to reinstate the mortgage with a payment of $30,000. This allows you to take over the existing mortgage and potentially avoid a lengthy loan approval process.

Repairs: $20,000.00

Investing $20,000 into repairs will rejuvenate this mobile home and enhance its appeal, ensuring a comfortable and modern living experience for future occupants.

PITI: $1,000.00

The Principal, Interest, Taxes, and Insurance (PITI) amount to $1,000.00 per month, making this a manageable monthly expense.

Interest: 5.5%

The interest rate on the existing mortgage is set at a favorable 5.5%, enabling a more affordable financing option compared to current market rates.

Maturity: 2048

The mortgage maturity is set for 2048, providing a long-term investment opportunity.

HOA: $250.00/yearly

The property is subject to a homeowner's association (HOA) with an annual fee of $250. This ensures the upkeep and maintenance of the community amenities.

Entry Fee: $115,000.00

To enter into this subject-to deal, an entry fee of $115,000 is required. This includes the balance, reinstatement, repairs, and investor profit.

Investor Profit: $50,000.00

As part of this subject-to deal, an investor profit of $50,000 is incorporated, reflecting the potential returns and rewards that await you.

Don't miss this unique opportunity to acquire a property with significant potential while benefiting from the existing mortgage terms. Take advantage of the subject-to deal at 123 Oak Street and create an investment strategy that aligns with your financial goals. Schedule a viewing today and explore the possibilities that await in beautiful Minneola, FL.