Turnkey | Take Over Existing Loan in Port Charlotte, FL on Creative Finance!

Description

📍 PORT CHARLOTTE, FL 33954
3 Bed | 2 Bath | 2,393 Sqft | 1998 Build | .5 Acre Lot | Pool

Cash Required to Close:
💰$20k + Closing Costs + TC

PURCHASE “SUBJECT-TO” THE EXISTING MORTGAGE

What Buyer is taking over:
Remaining Mortgage: $461,340

Interest Rate: 6.25%

PITI: $3,599

POTENTIAL EXITS:
MTR- $4-5k
STR- $5k+
Pad split- (turn 3 car garage into rooms)
Depreciation
Wrap
Sober Living

COMPS:
240 Torrington St, Pt Charlotte, FL 33954
3 bd2 ba2,083 sqft
Sold: $424,900Sold on 02/23/24
$204/sqft
23146 Ambassador Ave, Pt Charlotte, FL 33954
3 bd2 ba1,591 sqft
Sold: $299,000Sold on 03/19/24
$188/Sqft
23371 Garrison Ave, Pt Charlotte, FL 33954
3 bd2 ba1,941 sqft
Sold: $382,000Sold on 01/05/24
$197/Sqft
23377 Hartley Ave, Pt Charlotte, FL 33954
4 bd3 ba2,314 sqft
Sold: $435,000Sold on 01/02/24
$188/Sqft
Average : $194/Sqft X 2,393 =$464,840
Estimated ARV: $488,000 to $490,000