LOW ENTRY Subject To ✌🏽🤩❗️Instant Equity!

Description

Mortgage Information 🏡
Loan Balance: ~$207,000
Interest Rate: 5.25%
PITI: $1640
Loan Maturity Date: May of 2052

Escrow Shortage: ~$4000
Cash to Seller + Assignment Fee= $11,000 (Plus Closing Costs)
Total Entry Fee <7%! = ~$15,000 (Escrow Shortage + Cash to Seller + Assignment Fee)
Total Purchase Price= ~$222,000 (Loan Balance + Entry Fee)
Buyer to pay all Closing Costs. (Not calculated in Entry Fee above)

Possible Exit Strategies🚪
LTR Rates: $2,100 per month
STR Rate according to AirDNA: $37,400
MTR Option- 12 minutes from Tyndall Airforce Base and 20 minutes from Gulf Coast State College

Location📍
12 Minutes: Tyndall Airforce Base
10 Minutes: Downtown Panama City
20 Minutes: Gulf Coast State College
30 Minutes: Panama City Beach

Sold Comps 📊
5302 Seneca Ln, Panama City, FL 32404
Sold for $270,000 ($172/sqft)

5940 Lake Dr, Panama City, FL 32404
Sold for $240,000 ($169/sqft)

5326 Peppertree Ct, Panama City, FL 32404
Sold for $255,000 ($206/sqft)

4101 Sue Ln, Panama City, FL 32404
Sold for $315,000 ($202/sqft)