Panama City, FL! 💥 Off Market Seller Finance Deal with Strong Cashflow!!

Description

💥 New Seller Finance Deal for Assignment in Panama City, FL! 💥

Off-Market – Turnkey – Multiple Exits with Strong Cash Flow!!

🏡 Property Details

Address: 4021 W 17th St, Panama City, FL 32401

Size: 1540 Sqft

Year Built: 1967

Metal Roof: 2018

Layout: 3 Bedrooms / 1.5 Bathrooms

Closing Date: May 20, 2024

💰 Financial Highlights:

Total Entry Fee: 55K

Interest Rate: 5%

Principal & Interest: $1319/mo

Total Monthly Payment: Approx. 1821/mo (buyer to get own insurance quotes)

LTR Rates: $2000 – 2300/mo (Rentometer & Zillow)

MTR Rates: $2200 – 2400/mo

STR Projection: $3233/mo ($38.8K based on 47% occupancy)

Seller Finance Note: 200k (amortized over 20 years – 3 year balloon)

Total Purchase Price: $255K

EMD: $5k

Profitable Exit Strategies:

LTR/MTR/STR

Wrap

Policyholder Rental (ALE Solutions – temporary housing for displaced families)

🌟 Location Highlights:

Beach access: 5 min

Historic Downtown: 10 min

HCA Florida Gulf Coast Hospital: 10 min

Northwest Florida Beaches International Airport: 30 min