one property at a time.

LOW ENTRY Subject To 鉁岎煆金煠┾潡锔廔nstant Equity!

Price
$15,000
Est. Resale Value
$300,000
4802 Lake Dr, Panama City, FL 32404, USA, ,

Overview

  • 3 Bedrooms
  • 2 Bathrooms
  • 1,688 ft
  • Year Built: 1955

Description

Mortgage Information 馃彙
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馃毆
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馃搷
12 Minutes: Tyndall Airforce Base
10 Minutes: Downtown Panama City
20 Minutes: Gulf Coast State College
30 Minutes: Panama City Beach

Sold Comps 馃搳
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)

Address: 4802 Lake Dr, Panama City, FL 32404, USA
County:
State:
Zip: 32404
Country: United States
Open In Google Maps
Property Id : 140415
Price: $ 15,000
Property Size: 1,688 ft
Bedrooms: 3
Bathrooms: 2
ARV: $300,000
Property Type: Single-Family
Parking: Attached Garage
Year Built: 1955
Lot Size: 0.24 acres

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